The Business On...Todd Stitzer, former chief executive, Cadbury


The man who sold us out?

Enough already with the complaining about that Kraft deal. Mr Stitzer and his board may indeed have sold the UK's national chocolate to the Americans, but he got shareholders a tasty price.



So what's he up to, post-Cadbury?

He's been biding his time with a bit of work for a New York investment advisory firm but he could be about to make a big comeback to the world of chocolate. He is up for the job of chief executive of Hershey.



The US national chocolate?

The very same, maker of Reece's Peanut Butter Cups and Hershey's Kisses. It is a company he knows well. The two sides talked about Hershey making a "white knight" bid for Cadbury as an alternative to the Kraft deal. Hershey also distributed Creme Eggs and Cadbury chocolate bars in the US.



Mr Stitzer is an American, right?

Born and raised in the North-east, though he became a naturalised Brit on reaching the boardroom at Cadbury. He almost became a professional tennis player, but chose law instead. The firm he worked for had Cadbury as a client, and they tempted him to come in-house in 1983.



A Cadbury lifer

In total, 27 years at the firm. He always said he got the culture of the firm, because as a regular churchgoer he could identify with its Quaker roots. And he really, really likes Crunchies.



What's his favourite Hershey brand?

No word yet, though no doubt he will be singing its praises should he land a job in the town of Hershey, Pennsylvania.



What are his chances?

The wispa – sorry, the whisper – is that he is not the frontrunner. John Bilbrey, the chief operating officer, has been serving as interim chief executive since his predecessor walked out to join Del Monte Foods, and could well keep the job. In that case, Mr Stitzer could come on as a board member and "mentor". Either way, it seems Mr Stitzer can't get enough of chocolate.

PROMOTED VIDEO
News
ebooksAn unforgettable anthology of contemporary reportage
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs People

HR Manager - Kent - £45,000

£40000 - £45000 per annum: Ashdown Group: HR Manager / Training Manager (L&D /...

HR Manager - Edgware, London - £45,000

£40000 - £45000 per annum + Benefits: Ashdown Group: HR Manager - Edgware, Lon...

HR Manager - London - £40,000 + bonus

£32000 - £40000 per annum + bonus: Ashdown Group: HR Manager (Generalist) -Old...

Talent Manager / HR Manager - central London - £50,000

£45000 - £50000 per annum: Ashdown Group: Talent / Learning & Development Mana...

Day In a Page

Scottish referendum: The Yes vote was the love that dared speak its name, but it was not to be

Despite the result, this is the end of the status quo

Boyd Tonkin on the fall-out from the Scottish referendum
Manolo Blahnik: The high priest of heels talks flats, Englishness, and why he loves Mary Beard

Manolo Blahnik: Flats, Englishness, and Mary Beard

The shoe designer who has been dubbed 'the patron saint of the stiletto'
The Beatles biographer reveals exclusive original manuscripts of some of the best pop songs ever written

Scrambled eggs and LSD

Behind The Beatles' lyrics - thanks to Hunter Davis's original manuscript copies
'Normcore' fashion: Blending in is the new standing out in latest catwalk non-trend

'Normcore': Blending in is the new standing out

Just when fashion was in grave danger of running out of trends, it only went and invented the non-trend. Rebecca Gonsalves investigates
Dance’s new leading ladies fight back: How female vocalists are now writing their own hits

New leading ladies of dance fight back

How female vocalists are now writing their own hits
Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments
These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam