UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On January 28, 2022, Glen Walter, our Executive Vice President and President, North America, informed us that he will leave the company to pursue another opportunity outside of Mondelēz International. His last day with the company will be March 1, 2022. Gustavo Valle, our Executive Vice President and President, Latin America, will become Executive Vice President and President, North America, effective March 1, 2022.
A copy of our press release, dated February 3, 2022, announcing the transition is attached hereto as Exhibit 99.1.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit |
Description | |
| 99.1 | Mondelēz International, Inc. Press Release, dated February 3, 2022. | |
| 104 | The cover page from Mondelēz International, Inc.’s Current Report on Form 8-K, formatted in Inline XBRL (included as Exhibit 101). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MONDELĒZ INTERNATIONAL, INC. | ||
| By: | /s/ Ellen M. Smith | |
| Name: | Ellen M. Smith | |
| Title: | Senior Vice President and Chief Counsel, Corporate Secretary | |
Date: February 3, 2022
Exhibit 99.1
| Contact: | Tracey Noe (Media) | |
| +1 847 943 5678 | ||
| news@mdlz.com |
Mondelēz International Names
Gustavo Valle as EVP & President, North America
| • | With 30+ years of experience, Valle takes role after leading the company’s Latin America business |
CHICAGO, Ill. – February 3, 2022—Mondelēz International (Nasdaq: MDLZ) today announced that Gustavo Valle, 57, the company’s Executive Vice President, Latin America, has been named Executive Vice President and President, North America, effective March 1. In his new role, Valle will be responsible for leading the company’s $8.3 billion business in the United States and Canada, which includes iconic brands such as Oreo and belVita biscuits; Triscuit and Ritz crackers; Trident gum and Sour Patch Kids candy.
“With more than three decades of experience in consumer packaged goods and a strong track record of success growing brands and categories in the U.S. and beyond, Gustavo is an ideal leader to set our North America business on the path for future success,” said Chairman and CEO Dirk Van de Put. “I’ve worked very closely with Gustavo for many years and have seen his passion for consumers and operational excellence first-hand.”
Since January 2020, Valle has successfully led the significant growth in the company’s Latin America business, in addition to driving overall share gains across the region. He joined the company from Danone, where he successfully grew the $3 billion Dairy category by double digits in both the U.S. and Canada while expanding profit margins. He was then promoted to lead the European business and eventually the global category as Executive Vice President, Dairy Division Worldwide, accountable for more than $12 billion USD in annual revenue. Valle replaces Glen Walter, who will leave the company to pursue another opportunity.
“I am very thankful for Glen’s leadership as he was a passionate champion of important strategic and cultural change within our business, setting bold priorities and transforming our business and brands’ footprint,” said Van de Put. “We appreciate his many contributions, particularly leading through the pandemic, and setting up Gustavo and the North America leadership team for further success. We wish him all the best.”
About Mondelēz International
Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2021 net revenues of approximately $29 billion, MDLZ is leading the future of snacking with iconic global and local brands such as OREO, belVita and LU biscuits; Cadbury Dairy Milk, Milka and Toblerone chocolate; Sour Patch Kids candy and Trident gum. Mondelēz International is a proud member of the Standard and Poor’s 500, Nasdaq 100 and Dow Jones Sustainability Index. Visit www.mondelezinternational.com or follow the company on Twitter at www.twitter.com/MDLZ.