Every material Form 8-K Mondelez International filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Mondelez International said Vince Gruber, its Executive Vice President and President, Europe, will retire effective April 1, 2025. The company named Volker Kuhn, formerly of Reckitt's hygiene business, to succeed him in the role on the same date, and Kuhn will join the company on January 6, 2025 to work with Gruber on the transition.
Vince Gruber informed the company on November 29, 2024 that he will retire effective April 1, 2025.
Volker Kuhn joins Mondelez on January 6, 2025 and becomes Executive Vice President and President, Europe, effective April 1, 2025.
Kuhn will report directly to Chair and CEO Dirk Van de Put.
Kuhn previously spent 26 years at Procter & Gamble and was Chief Transformation Officer at Reckitt.
Mondelez reported third-quarter 2024 net revenues of $9.2 billion, up 1.9%, and diluted EPS of $0.63, down 12.5%, while adjusted EPS rose 28.6% on a constant currency basis to $0.99. The company reaffirmed its 2024 outlook and said it agreed to acquire a majority stake in Evirth, a Chinese cakes and pastries maker, though the filing does not state the deal terms.
Net revenues rose 1.9% to $9.2 billion; organic net revenue grew 5.4%.
Diluted EPS fell 12.5% to $0.63; adjusted EPS rose 28.6% on a constant currency basis to $0.99.
Operating income fell 16.4% to $1,153 million, with operating income margin at 12.5%.
2024 outlook reaffirmed, including Free Cash Flow of $3.5 billion or more.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Mondelez International filing is on SEC EDGAR ↗. 8-K briefs of other companies →