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 strong business profile, comprised of a collection of well-known 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.