Summary
Mondelēz International, Inc. (MDLZ) filed an 8-K on May 2, 2023, primarily to announce a significant executive leadership change within its Asia Pacific, Middle East, and Africa (AMEA) region. Maurizio Brusadelli, the Executive Vice President and President of AMEA, is departing the company to pursue an external leadership role. This transition is effective in June, with his last day to be determined. Investors should note that Deepak Iyer, currently President of India and Southeast Asia, will assume the role of Executive Vice President and President, AMEA, starting June 5, 2023. This internal promotion suggests a focus on continuity and leveraging existing leadership talent. The company has also attached a press release regarding this transition as an exhibit.
Key Highlights
- 1Executive Vice President and President of Asia Pacific, Middle East and Africa (AMEA), Maurizio Brusadelli, is leaving Mondelēz.
- 2Mr. Brusadelli's departure is to pursue another leadership opportunity outside of Mondelēz International.
- 3His last day with the company will be in June 2023.
- 4Deepak Iyer, President of India and Southeast Asia, will be appointed as the new Executive Vice President and President of AMEA.
- 5Mr. Iyer's appointment is effective June 5, 2023.
- 6The filing includes Exhibit 99.1, a press release dated May 2, 2023, announcing this leadership transition.