8-KLeadership Changes

Mondelez International, Inc. 8-K Report, Executive Changes (Jan 27, 2025)

Filed January 27, 2025For Securities:MDLZ

Summary

Mondelēz International, Inc. has announced a key executive transition within its finance department. Brian Stevens has been appointed as the new Senior Vice President, Corporate Controller & Chief Accounting Officer, effective February 10, 2025. This appointment brings a seasoned finance executive with extensive experience from multinational healthcare and technology companies, as well as a background as a partner at KPMG. Mr. Stevens's prior roles include Chief Accounting Officer and interim Chief Financial Officer at Baxter International. The transition also involves Michael Call, the current principal accounting officer, who will continue in his role until Mr. Stevens's effective date. Following this, Mr. Call will transition to a new position as Senior Vice President, Finance for the North America region. This strategic shift in leadership is expected to leverage Mr. Stevens's expertise in financial reporting and controls as the company continues to execute its global strategy.

Key Highlights

  • 1Appointment of Brian Stevens as Senior Vice President, Corporate Controller & Chief Accounting Officer, effective February 10, 2025.
  • 2Brian Stevens brings significant experience from Baxter International (Senior Vice President, Chief Accounting Officer and Controller; interim CFO) and Groupon, Inc. (Chief Accounting Officer, Treasurer).
  • 3Stevens also has a strong foundation with 16 years at KPMG, including a tenure as a partner.
  • 4Michael Call, the current principal accounting officer, will transition to Senior Vice President, Finance for North America after February 10, 2025.
  • 5Stevens's compensation package includes an annual base salary of $545,900, a target annual incentive of 65% of base salary, and an annual equity grant valued at $550,000 (75% performance shares, 25% stock options).
  • 6No reportable related party transactions or arrangements were disclosed concerning Mr. Stevens's appointment.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce an executive personnel change within Mondelēz International's finance department, specifically the appointment of a new Senior Vice President, Corporate Controller & Chief Accounting Officer.

Brian Stevens is the newly appointed Senior Vice President, Corporate Controller & Chief Accounting Officer. He is a seasoned finance executive with prior roles as Senior Vice President, Chief Accounting Officer and Controller and interim Chief Financial Officer at Baxter International. He also served as Chief Accounting Officer and Treasurer at Groupon, Inc. and spent 16 years as a partner at KPMG LLP.

Michael Call, who has been the principal accounting officer, will continue in that role until Brian Stevens's appointment is effective on February 10, 2025. After this date, Mr. Call will assume the role of Senior Vice President, Finance for the North America region.

Brian Stevens's compensation includes an annual base salary of $545,900, a target annual incentive of 65% of his base salary, and an annual equity grant with a target value of $550,000. This equity grant is split between 75% performance share units and 25% stock options.