Summary
Mondelez International, Inc. (MDLZ) filed an 8-K report on December 1, 2017, to announce the resignation of Dr. Ruth J. Simmons from its Board of Directors, effective November 29, 2017. Dr. Simmons is stepping down to assume the permanent role of President at Prairie View A&M University, a position she has been preparing for as interim president since July 2017. This departure, while noted, does not appear to be tied to any performance issues or governance concerns, but rather a commitment to her new full-time leadership role in academia.
Key Highlights
- 1Dr. Ruth J. Simmons resigned from the Mondelēz International Board of Directors.
- 2The resignation was effective November 29, 2017.
- 3Dr. Simmons is transitioning to become the President of Prairie View A&M University.
- 4She has served as interim president of the university since July 2017.
- 5The departure is attributed to her commitment to her new full-time role in higher education.
- 6The filing is an 8-K Current Report, indicating a material event.
- 7Carol J. Ward, Vice President and Corporate Secretary, signed the filing.