Mondelez International Appoints New Board of Directors Members

Mondelēz International announces it has appointed Debra Crew, former president and CEO of Reynolds American, and Peter May, president and a founding partner of Trian Fund Management, L.P., to the company’s board of directors, effective March 1.

Nelson Peltz, who has been a director since 2014, has informed the company that he will be stepping down on that same date to devote more time to other Board commitments. He is CEO and a founding partner of Trian,

“Debra and Peter bring strong operational and financial track records, which will benefit both our board and our company,” said Dirk Van de Put, Mondelez CEO. “I look forward to working with both of them, as well as our other directors, as we enter our next chapter.”

Peltz added: “As a large shareholder, Trian remains a strong believer in the future success of Mondelēz International. The company is well positioned to continue to create value for its shareholders under Dirk, who became CEO in November 2017.”

Crew began her more than 20-year career in consumer packaged goods at Kraft Foods in 1993. She went on to hold positions of increasing responsibility at a number of global food and beverage companies, including Nestlé S.A., Mars, Inc. and PepsiCo. Crew served as president and general manager, PepsiCo North America Nutrition, president, PepsiCo Americas Beverages, and president, Western European Region of PepsiCo Europe.

May has been president and a founding partner of Trian since 2005, and he currently serves as the non-executive vice chairman of The Wendy’s Company.