NEW YORK (CNN/Money) - Tobacco and food products maker Philip Morris Cos. said Wednesday it has created a new management team to work with its newly-appointed CEO Louis Camilleri.

The company said Camilleri, who is scheduled to replace retiring CEO Geoffrey Bible, will take the top post after the company's shareholder meeting on Apr. 25.

Under the new management, Michael Szymanczyk, president and CEO of Philip Morris U.S.A., will become chairman of the division, while John Nelson will take on Szymanczyk's current jobs.

The company said Betsy Holden and Roger Deromedi will continue their current positions as co-CEOs of Kraft Foods. Holden is also the president of Kraft Foods North America, while Deromedi is in charge of the international group.

"Individually and as a team, they are exceptionally well prepared to grow our brands and businesses," said Camilleri.

Last week, an Oregon jury ordered Philip Morris Cos. (MO: up $0.36 to $53.59, Research, Estimates) to pay $150 million to the estate of a woman who died of lung cancer, but the company said it would appeal the verdict if the judge failed to overturn it.

The maker of tobacco, food and beer products has sought to challenge a number of massive sickened smoker awards handed down by courts in recent years. The tobacco industry's most costly courtroom loss was a $145 billion punitive damages award in July in a Florida class action, which is also under appeal.