Mondelēz International has announced a major restructuring of its executive leadership team, appointing Luca Zaramella to the expanded role of Chief Operating Officer (COO) and Chief Financial Officer (CFO), effective February 1.
The move signals a strategic consolidation of the snacking giant's operational and financial oversight. In this new capacity, Zaramella will retain his current financial duties while assuming direct responsibility for the company’s commercial operations across its four geographical regions. His remit will also expand to include global leadership of corporate sales, marketing, and supply chain functions.
Zaramella will continue to report directly to Dirk Van de Put, Chair and Chief Executive Officer.
While Zaramella holds the dual mandate, Mondelēz has confirmed that it is actively conducting a search for a dedicated CFO. A successor for the financial leadership post is expected to be announced at a later date, allowing Zaramella to eventually focus on the operational and commercial aspects of his new COO title.
The appointment is positioned as a response to an increasingly complex global trading environment. By unifying financial planning with operational execution, Mondelēz aims to streamline decision-making and enhance commercial agility.
"It is vital that we stay agile and continue to raise the bar on our operational excellence in an environment that has never been more dynamic," said Dirk Van de Put. "Luca is a strong operational and financial leader with deep knowledge of our business and a consistent record of driving strong results. I am confident that Luca is the right leader to further elevate our execution."
Executive Background
Zaramella has served as the company’s CFO since 2018, during which time he oversaw Global Finance, Procurement, and IT Solutions. He is credited with helping to architect the company’s current strategic growth framework and financial algorithm.
Commenting on his expanded portfolio, Zaramella stated:
"I’m honored to step into this role for Mondelēz, expanding my focus on executional excellence and commercial performance across our organization. I am inspired by our people, brands and capabilities, with vast potential to deliver attractive, long-lasting growth."
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