MUMBAI: Mondelez International has elevated Luca Zaramella, appointing him as EVP chief finance officer. 

His new role will be effective from 1 August, 2018.

As the new CFO, Zaramella will be responsible for the oversight of the company’s global finance, information and technology solutions and shared services functions. 

He will report directly to Dirk Van de Put, chairman and chief executive officer, and will be a member of the Mondelez International leadership team. 

Zaramella will replace Brian Gladden, who will leave the company in August. After 10 years as a public company CFO, Gladden has decided to pursue an opportunity outside of the Fast Moving Consumer Goods  (FMCG) sector. 

“Luca is a strong financial and strategic leader who possesses deep knowledge of our commercial business at a local level around the world, and deep financial expertise,” noted Van de Put. “He has been developed to take on this role for many years and has been closely involved in the development of our new strategic framework.”

On leaving the organisation, Brian Gladden said, “I have enjoyed working with the Mondelēz International team to build a world-class global finance organisation. Leaving the company is a tough decision, but I look forward to a new career experience and depart knowing that Luca is an ideal choice to be the company’s next CFO.  Luca and I have worked side-by-side over the past few years, and I have incredible respect for his financial expertise and company knowledge.”

With more than 20 years of broad financial experience in both emerging and developed markets, and a track record of delivering strong results, Zaramella has an intimate knowledge of the company’s business across products, markets, operations, competitors and customers.  

Zaramella has served as Mondelez International’s SVP of corporate finance since 2016 and was the SVP and corporate controller from 2014 to 2016. Prior to that, he was SVP of finance at Mondelez Europe. He began his career with the company in Italy before holding positions of increasing seniority in Latin America, Europe and North America.

Mondelez International had a net revenue of approximately $26 billion in 2017. The company is a world leader in biscuits, chocolate, gum, candy and powdered beverages, featuring global Power Brands such as Oreo and belVita biscuits; Cadbury Dairy Milk and Milka chocolate; and Trident gum.