Before his promotion, Magnesen was general manager of the Planters Business Unit at Kraft Foods, a position he has held since July 2012, according to his Linkedin profile. He also served as senior vice president of finance and senior vice president - Finance & Treasurer.
He holds a bachelor of science in accountancy from the Univ. of Illinois at Urbana-Champaign, and a Master of management, finance, marketing and strategy from Northwestern Univ. Kellogg School of Management.