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Mondelēz International Appoints current CFO Luca Zaramella to the newly created position of Chief Operating Officer (COO)Potentially, a longtime executive at the company could one day take on a top role at the Oreo maker.
Zaramella will oversee the company’s commercial operations across four regions, as well as corporate sales, marketing and supply chain functions. He will assume his new role on February 1 and will continue to serve as CFO until the company finds a successor.
Mondelēz CEO Dirk Van de Put said the creation of the role was “essential” as the company seeks to “remain agile in this ever more dynamic environment and continually raise the bar on operational excellence.”
A Mondelēz spokesperson told Food Dive that the company’s decision to add the COO role aims to strengthen execution, focus on the company’s strategy and accelerate decision-making. It will also allow Van de Put more time to focus on the company’s strategic priorities, driving growth and creating value, along with his other responsibilities.
Van de Put described Zaramella as “a strong operational and financial leader with deep knowledge of our business and a consistent track record of driving strong results.”
Zaramella joined Mondelēz in 2011. According to his LinkedIn page:The snack manufacturer has grown steadily with popular brands including Ritz and Chips Ahoy! He became CFO in 2018.
There is no evidence that Van de Put plans to step down anytime soon, but he has run the snack giant for more than eight years. It exceeded the average CEO tenure of 6.8 years.
During that time, Van de Put focused on transforming Mondelēz’s core brands and expanding the company’s snack portfolio through acquisitions. perfect snack, tate and Cliff Bar.
Zaramella, who has been with Mondelēz for more than a decade, will be ideally placed to take on Van de Put in the future due to his familiarity with the company’s strategy and the additional responsibilities he will assume in his new COO role.
