Kraft Foods may move Latin American headquarters to Miami
By Samantha Joseph
Kraft Foods International is considering relocating its Latin American regional headquarters to Miami, according to a company executive.
Jonathan Atwood, director of corporate affairs for Kraft Foods International, confirmed that the company was considering moving about 100 executives from its Rye Brook, NY, offices. That office is now headquarters for Kraft's Latin American operations.
"We can confirm that we're looking at Miami, but no decisions have been made," Mr. Atwood said. "We've been exploring a number of options that include Miami."
Kraft, based in Northfield, IL, owns more than 35 brands, including Maxwell House, Kool-Aid, Oscar Mayer, Shake 'n Bake, Jell-O and Nabisco. Information on the company's website, www.kraft.com, ranks the firm as the world's second-largest and North America's largest branded food and beverage company.
Kraft operates in 150 countries, with 109,000 employees - 60,000 of whom are based in the US and Canada. The firm last year reported nearly $30 billion in revenue.
Mr. Atwood would not say when the company hoped to make the move, saying it was too soon to make a public statement. Currently, Kraft does not have offices in Florida.
A spokesperson for the Beacon Council, Miami-Dade's private-public sector economic development agency, refused to comment on Kraft's potential interest in relocating part of its operations to Miami.