UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 20, 2017
MONDELĒZ INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
| Virginia | 1-16483 | 52-2284372 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
Three Parkway North, Deerfield, Illinois 60015
(Address of principal executive offices, including zip code)
(847) 943-4000
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 25, 2017, we announced that Glen Walter will join the company in November 2017 and become Executive Vice President and President, North America. Upon commencement of Mr. Walter’s employment, Timothy P. Cofer will cease to serve as Interim President of the North American business and will return full time to his role as Executive Vice President and Chief Growth Officer. A copy of the related press release is filed as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
| (d) | The following exhibit is being filed with this Current Report on Form 8-K. |
| Exhibit Number |
Description | |
| 99.1 | Mondelēz International, Inc. Press Release, dated October 25, 2017. | |
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/ Carol J. Ward | |
| Name: | Carol J. Ward | |
| Title: | Vice President and Corporate Secretary |
Date: October 25, 2017
Exhibit 99.1
| Contacts: |
Michael Mitchell (Media) |
Shep Dunlap (Investors) | ||
| +1-847-943-5678 |
+1-847-943-5454 | |||
| news@mdlz.com |
ir@mdlz.com |
Mondelēz International Names Glen Walter
EVP and President, North America
| • | CPG Veteran Brings Extensive Brand-Building and Commercial Expertise to Role |
| • | Tim Cofer to Return Full Time to Role as Chief Growth Officer |
DEERFIELD, IL – Oct. 25, 2017 – Mondelēz International today announced that Glen Walter, 49, will join the company next month and become Executive Vice President and President, North America. In this role, he will be responsible for leading the company’s $7 billion business in the United States and Canada, which includes Power Brands such as Oreo and belVita biscuits; Triscuit and Good Thins crackers, Trident gum and Halls cough drops.
“Glen is an inspirational leader with an impressive track record of building brands and driving growth in North America and beyond,” said Chairman and CEO Irene Rosenfeld. “His deep operating experience in complex businesses, including a strong focus on sales excellence, make him a terrific leader for our North America region. I’m delighted to welcome Glen to the Mondelēz International family.”
Walter joins Mondelēz International from the Coca-Cola Company, where he has held a variety of leadership positions over the past decade. Since 2014, Walter has served as CEO of Coca-Cola Industries China, where he led his team to accelerate revenue growth, improve productivity and expand routes to market. Before this, Walter was President and Chief Operating Officer for Coca-Cola in North America, with 70,000 employees and annual revenues of $22 billion. During that time, he was a key contributor to the delivery of multiple consecutive quarters of market share growth and operating income expansion.
Prior to his time at Coca-Cola, Walter served as President of InBevUSA in addition to various general management and M&A roles within InBev and Interbrew, including leading the integration of Bass Ale and Beck’s. Earlier, Walter served as General Manager at Pearce Beverage Company and started his career in sales and marketing at EJ Gallo Winery, Inc.
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“I’m thrilled to join Mondelēz International and begin working with the leadership team to grow the North American business on both the top and bottom lines,” Walter said. “I look forward to collaborating with my new colleagues to shape the future for our unparalleled portfolio of iconic brands.”
Walter is an active member of his community and serves on the Board of Governors for the Boys and Girls Clubs of America. He earned a bachelor’s degree in international business and economics from Boston University. In addition, he attended the Executive Leadership Program at INSEAD and Wharton.
Walter succeeds Tim Cofer, who stepped into the North American leadership role on an interim basis in April. Cofer will now return full time to his responsibilities as Chief Growth Officer.
“I’m thankful for Tim’s efforts in leading the North America business in addition to his critically important role as Chief Growth Officer,” said Rosenfeld. “In his brief time in the region, Tim has driven a new level of discipline across the business while generating strong plans for future growth and executional excellence.”
About Mondelēz International
Mondelēz International, Inc. (NASDAQ: MDLZ) is building the best snacking company in the world, with 2016 net revenues of approximately $26 billion. Creating more moments of joy in approximately 165 countries, Mondelēz International is a world leader in biscuits, chocolate, gum, candy and powdered beverages, featuring global Power Brands such as Oreo and belVita biscuits; Cadbury Dairy Milk and Milka chocolate; 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.
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