Mondelēz International, Inc. (2013 – Present)

Mondelēz International, Inc. (“Mondelēz”) is a global snack foods company that manufactures food and beverage products, including Oreos, Ritz Crackers and Cadbury chocolates.

Trian was attracted to Mondelēz’s extraordinary business profile, comprised of a prized collection of brands in fast-growing, high-margin categories, and strong emerging markets exposure, which we believe presents an opportunity for significant upside potential. Trian also believes that through a rigorous focus on cost reduction, return on investment, brand support and innovation, Mondelēz can achieve significantly improved revenue growth and margins over time. Trian announced its investment in Mondelēz in April 2013.

In January 2014, Nelson Peltz was invited to join the Mondelēz board. On March 1, 2018, Peter May joined the Mondelēz board and Nelson Peltz stepped down to devote more time to other Board commitments.

Trian looks forward to continuing to work constructively with management and the board to help Mondelēz achieve best-in-class financial performance and unlock shareholder value.

Sector: Consumer

Fun Fact: After holding a company contest in 2012 to create a new corporate name, the winner was Mondelēz International (pronounced “mohn-dah-leez”) with the stock symbol MDLZ. Two employees created this name from a combination of the words “monde” (Latin for “world”) and “deliz” (for “delicious”).

Company Website: http://www.mondelezinternational.com/

ESG Highlights:

  • Board Refreshment: As of April 1, 2018, Mondelēz has added 8 new directors to the Board since October 2012, and its median director tenure is approximately 5 years
  • Director Independence: 12 out of 13 directors are independent (as of April 1, 2018)
  • Responsible Supply Chain: Launched in 2012, “Cocoa Life” is a 3rd party-verified, sustainable sourcing program that helps farmers achieve sustainable livelihoods while increasing cocoa yields. Through 2017, Cocoa Life has reached 120,500 farmers in 1,085 communities, and 35% of Mondelēz cocoa is sustainably sourced and used in brands such as Milka, Cadbury Dairy Milk and Oreo
  • 2020 Sustainability Goals: Include reducing absolute CO2 emissions by 15%, reducing manufacturing waste by 20%, reducing water use by 10% at priority locations where water is most scarce, and eliminating 65,000 tons of packaging materials (2013 baseline)
  • Well-Being Snacks: Aims to be a global leader in well-being snacks and has made strong progress towards its well-being targets which include reducing sodium and saturated fat by 10% by 2020 against an adjusted 2012 baseline
  • ESG Index: A Dow Jones Sustainability World Index member for the 13th year in a row in 2017

For more information on ESG initiatives at Mondelēz, please visit http://www.mondelezinternational.com/well-being

Trian Board Member

Former Trian Board Member