Mondelēz International recently announced the appointment of current Chief Financial Officer Luca Zaramella to the role of chief operating officer. In addition to his CFO responsibilities, as COO, he will have responsibility for the company’s commercial operations in its four geographical regions as well as the corporate sales, marketing, and supply chain functions. Zaramella’s appointment took effect on Feb. 1, and he continues to report directly to Chair and Chief Executive Officer Dirk Van de Put. The company is conducting a search for the CFO position and expects to announce a successor at a later date.

“I am pleased to announce Luca’s appointment as chief operating officer and chief financial officer,” says Van de Put. “Luca is a strong operational and financial leader with deep knowledge of our business and a consistent record of driving strong results. It is vital that we stay agile and continue to raise the bar on our operational excellence in an environment that has never been more dynamic. I am confident that Luca is the right leader to further elevate our execution and accelerate our performance as we realize the promise of our growth agenda.”