Mondelēz International names new CEO, long-time CEO retires
Mondelēz International (NASDAQ:MDLZ) announced that its Board of Directors has unanimously selected Dirk Van de Put, current president and CEO of McCain Foods, to succeed Irene Rosenfeld as CEO of Mondelēz International, as she steps down effective November 2017. Van de Put will also join the company's Board of Directors. Rosenfeld will continue as chairman of the Board until March 31, 2018, at which point she will retire and Van de Put will assume the role of chairman and CEO.
"I am very proud of what our 90,000 colleagues at Mondelēz International have accomplished," said chairman and CEO Irene Rosenfeld. "Throughout my tenure as CEO, the world and our industry have undergone a period of unprecedented change. During that time, we anticipated emerging challenges, adapted accordingly and created significant value for our shareholders. The outlook is bright for this great company — one of the few that has consistently delivered on both the top and bottom lines, while making critical investments for future growth."