Management ChangeJun 18, 2026, 04:52 PM

Mondelez Names Amit Banati as New CFO, Effective July 1

AI Summary

Mondelez International announced the appointment of Amit Banati as Executive Vice President and Chief Financial Officer, effective July 1, 2026. Mr. Banati, previously CFO of Kenvue and Kellanova, will report to the CEO and join the leadership team. Current CFO Luca Zaramella will transition to Executive Vice President and Chief Operating Officer. Banati's compensation includes an annual base salary of $1,050,000, a target annual incentive of 125% of base salary, and a target annual equity grant of $5,000,000, along with a make-whole cash award up to $7,000,000.

Key Highlights

Amit Banati appointed Executive Vice President and Chief Financial Officer, effective July 1, 2026.
Luca Zaramella will continue as Executive Vice President and Chief Operating Officer.
Mr. Banati's annual base salary set at $1,050,000.
Target annual incentive under the Management Incentive Plan is 125% of annual base salary.
Target annual long-term equity grant is $5,000,000.
Make-whole cash award up to $7,000,000 for forfeited compensation from his former employer.

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MDLZ

Packaged Foods

Mondelez International, Inc.

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