Mondelēz names Amit Banati as EVP and CFO
He will succeed Luca Zaramella, who becomes COO, effective July 1, 2026. Banati was previously CFO at Kenvue and Kellanova.
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Global snacks company
mondelezinternational.comLast updated
In short: Mondelēz beat Q1 2026 financial estimates, appointed Amit Banati as the new CFO, and faced German court rulings regarding Milka's shrinkflation.
He will succeed Luca Zaramella, who becomes COO, effective July 1, 2026. Banati was previously CFO at Kenvue and Kellanova.
Results feature strong Emerging Markets growth and improving Developed Markets. They reflect consumer-centric strategy execution amid macro volatility.
Net revenues rose 8.2% and diluted EPS was $0.44; adjusted EPS was $0.67 and free cash flow was $0.2 billion.
Leaders Dirk Van de Put and Luca Zaramella join at 5 p.m. ET.
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