Mondelēz International terms this appointment as a strategic leadership change as it will reinforce its long term commitment to the Kingdom and support growth across retail and foodservice channels.
Mondelēz reported solid top‑line growth in 2025 but faced margin pressure from cocoa costs; the company posted FY‑25 net revenues up 5.8%, generated US$4.5 billion of operating cash flow, and provided a cautious FY‑26 outlook while returning US$4.9 billion to shareholders.
Mondelēz creates a new COO role, naming CFO Luca Zaramella to oversee global operations and commercial performance.