Dirk Van de Put to head up Mondelēz International
McCain Foods exec takes over in November when long-time CEO Irene Rosenfeld retires.
Rosenfeld has led Mondelez and its predecessor, Kraft Foods Inc., for 11 years. She oversaw the Kraft Foods’ 2010 purchase of Cadbury for $19 billion. The company split into Mondelez International and Kraft Foods Group, Inc., which later merged with H.J. Heinz Co.
Rosenfeld also steered a cost-cutting effort that included closing or selling more than three dozen factories over the last four years, boosting the company’s adjusted operating margin to 15.3 percent in 2016 from 13 percent in 2013.