Who is the new Chief Financial Officer (CFO) of Mondelēz International?

Amit Banati has been appointed as the new Executive Vice President and Chief Financial Officer (CFO) of Mondelēz International, effective July 1, 2026. He brings a wealth of experience from previous senior financial roles at Kenvue and Kellanova.

What is the compensation package for the new CFO?

Mr. Banati's compensation includes an annual base salary of $1,050,000, a target annual incentive of 125% of his base salary, and a target annual long-term equity grant valued at $5,000,000. He will also receive a make-whole award of up to $7,000,000 in cash.

What is the significance of Luca Zaramella transitioning to Chief Operating Officer?

The transition of Luca Zaramella from CFO to Executive Vice President and Chief Operating Officer, effective upon Mr. Banati's start date, suggests a strategic realignment within Mondelēz's senior leadership. This move may indicate a focus on enhancing operational execution and synergy between financial strategy and day-to-day business operations.

Are there any restrictions on the new CFO's future employment?

Yes, Mr. Banati has agreed to certain restrictive covenants, including a non-competition and non-solicitation clause that will be in effect during his employment and for twelve months following the termination of his employment for any reason.

MDLZ 8-K: Leadership Changes

Summary

Mondelēz International, Inc. (MDLZ) has announced a significant leadership change within its finance department through an 8-K filing on June 18, 2026. Effective July 1, 2026, Amit Banati will assume the role of Executive Vice President and Chief Financial Officer (CFO), reporting directly to CEO Dirk Van de Put. This appointment is accompanied by a comprehensive compensation package and a make-whole award to offset forfeited compensation from his previous role at Kenvue. The transition signals a strategic move in financial leadership as the company navigates its growth and operational objectives. Luca Zaramella will transition to the role of Executive Vice President and Chief Operating Officer, a move that suggests a potential realignment of operational and financial responsibilities within the senior leadership team.

Key Highlights

1Appointment of Amit Banati as Executive Vice President and Chief Financial Officer (CFO) effective July 1, 2026.
2Amit Banati brings extensive financial leadership experience from companies like Kenvue, Kellanova (formerly Kellogg Company), Kraft Foods, and Cadbury Schweppes.
3Luca Zaramella will transition from CFO to Executive Vice President and Chief Operating Officer.
4Mr. Banati's annual compensation includes a base salary of $1,050,000, a target annual incentive of 125% of base salary, and a target annual long-term equity grant of $5,000,000.
5A make-whole award of up to $7,000,000 in cash will be provided to Mr. Banati to compensate for forfeited compensation from his former employer.
6Mr. Banati has agreed to restrictive covenants, including non-competition and non-solicitation clauses for a period of twelve months post-termination.
7The filing includes an exhibit of the press release dated June 15, 2026, announcing this leadership transition.

Mondelez International, Inc. 8-K Report, Executive Changes (Jun 18, 2026)

Summary

Key Highlights

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