Deerfield / IL. (mdlz) Mondelez International Inc., formerly Kraft Foods Inc., announced the appointment of Patrick T. Siewert to its Board of Directors. Siewert, 57, is Managing Director, Asia Buyout, Consumer and Retail, at The Carlyle Group L.P., a global asset management firm. With this addition, the Mondelez International Board will have ten Directors, nine of whom are independent. «With nearly half of our revenues coming from Developing Markets, Patrick´s consumer expertise in international markets will be invaluable as we continue to build on our position as a global snacking powerhouse», said Irene Rosenfeld, Chairman and CEO. «Having lived and worked in Asia for 15 years, Patrick has intimate knowledge of consumer trends, routes to market, regulatory issues and the economic challenges and opportunities across the region. He will be a tremendous addition to our Board».
About Mondelez International
Mondelez International Inc. is a world leader in chocolate, biscuits, gum, candy, coffee and powdered beverages. The company comprises the global snacking and food brands of the former Kraft Foods Inc. following the spin-off of its North American grocery operations in October 2012. Mondelez International´s portfolio includes several billion-Dollar brands such as Cadbury and Milka chocolate, Jacobs coffee, LU, Nabisco and Oreo biscuits, Tang powdered beverages and Trident gums. Mondelez International has annual revenue of approximately 36 billion USD and operations in more than 80 countries.
