Irene Rosenfeld will retire from her role as CEO of Mondelēz International after 11 years in charge of the multinational food and beverage giant.
The company said in a statement Dirk Van de Put, current President and CEO of McCain Foods will succeed Rosenfeld when she steps down effective November 2017.
Van de Put will also join the company’s Board of Directors. Rosenfeld will continue as Chairman of the Board until March 31, 2018, at which point she will retire and Van de Put will assume the role of Chairman and CEO.
“I am very proud of what our 90,000 colleagues at Mondelēz International have accomplished,” said Rosenfeld.
“Throughout my tenure as CEO, the world and our industry have undergone a period of unprecedented change. During that time, we anticipated emerging challenges, adapted accordingly and created significant value for our shareholders. The outlook is bright for this great company — one of the few that has consistently delivered on both the top and bottom lines, while making critical investments for future growth.”
Van de Put brings nearly 30 years of experience in the food and consumer package industry to this new leadership role. He joins Mondelēz International from McCain Foods, the largest marketer and manufacturer of frozen french fries, potato specialties and appetizers.