Mondelēz International appointed Norberto Chaclin as EVP and Chief R&D Officer to enhance innovation and consumer focus.
Quiver AI Summary
Mondelēz International has appointed Norberto Chaclin as the new Executive Vice President and Chief Research & Development Officer, effective February 28, 2025. Reporting to CEO Dirk Van de Put, Chaclin will lead the company’s R&D and quality strategy to enhance its snacking innovations. With extensive experience in food and beverage R&D, including previous roles at PepsiCo, Chaclin aims to strengthen partnerships within the company and drive consumer-focused growth. He holds a chemical engineering degree from Texas A&M University and an MBA from Southern Methodist University. Chaclin, an amateur chef from Curaçao, is dedicated to advancing Mondelēz's technical capabilities and creating appealing new snacks for consumers.
Potential Positives
- The appointment of Norberto Chaclin as Executive Vice President and Chief Research & Development Officer signifies a strategic move to enhance Mondelēz's innovation capabilities and strengthen its commitment to consumer needs in the snacking sector.
- Chaclin's extensive experience with successful brands like Oreo and Ritz underlines his suitability for the role, indicating potential for future successful product innovations and market growth.
- The focus on driving consumer centricity and category growth positions Mondelēz to better address evolving consumer preferences, potentially leading to increased sales and market share.
Potential Negatives
- Appointment of a new executive may signal previous leadership challenges or instability within the R&D department, potentially causing concern among investors regarding the company's strategic direction.
- Forward-looking statements indicate uncertainty and risks that could impact future results, which may lead to skepticism from investors and analysts about the company's growth prospects.
- Chaclin's prior experience with PepsiCo could be interpreted as an indication that the company is facing challenges in retaining top talent within its own ranks.
FAQ
Who is Norberto Chaclin?
Norberto Chaclin is the newly appointed Executive Vice President and Chief Research & Development Officer at Mondelēz International.
What will Chaclin's role involve?
Chaclin will drive the company’s R&D and quality strategy, focusing on consumer needs and innovation in snacking.
What is Chaclin's background?
Chaclin has over 18 years of experience at PepsiCo, along with leadership roles in global gum and candy and North American biscuits R&D.
What initiatives has Chaclin led at Mondelēz?
He has overseen innovations for iconic brands such as Oreo, Chips Ahoy!, and belVita during his tenure as SVP, R&D.
What qualifications does Chaclin hold?
Chaclin holds a bachelor's in chemical engineering from Texas A&M and an MBA from Southern Methodist University.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MDLZ Congressional Stock Trading
Members of Congress have traded $MDLZ stock 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $MDLZ stock by members of Congress over the last 6 months:
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. sold up to $15,000 on 01/24.
- REPRESENTATIVE EMILY RANDALL sold up to $15,000 on 01/06.
- REPRESENTATIVE JOHN JAMES sold up to $15,000 on 09/04.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$MDLZ Hedge Fund Activity
We have seen 744 institutional investors add shares of $MDLZ stock to their portfolio, and 1,109 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MIZUHO SECURITIES USA LLC removed 12,447,264 shares (-99.0%) from their portfolio in Q4 2024, for an estimated $743,475,078
- PARNASSUS INVESTMENTS, LLC removed 6,632,299 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $396,147,219
- CAPITAL RESEARCH GLOBAL INVESTORS added 4,572,555 shares (+13.9%) to their portfolio in Q4 2024, for an estimated $273,118,710
- VONTOBEL HOLDING LTD. removed 3,428,539 shares (-36.1%) from their portfolio in Q4 2024, for an estimated $204,786,634
- HOLOCENE ADVISORS, LP added 3,379,164 shares (+155.8%) to their portfolio in Q4 2024, for an estimated $201,837,465
- VAN ECK ASSOCIATES CORP added 3,282,937 shares (+2560.0%) to their portfolio in Q4 2024, for an estimated $196,089,827
- ILEX CAPITAL PARTNERS (UK) LLP removed 2,973,324 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $177,596,642
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
CHICAGO, Feb. 28, 2025 (GLOBE NEWSWIRE) -- Mondelēz International (Nasdaq: MDLZ) today announced the appointment of Norberto Chaclin as Executive Vice President and Chief Research & Development Officer. Reporting directly to Chair and Chief Executive Officer Dirk Van de Put, Chaclin will be responsible for driving the Company’s enterprise R&D and quality strategy as a key enabler of its ambition to shape the future of snacking.
“Norb is a proven leader with a strong track record of innovation, a deep passion for meeting consumers’ evolving snacking needs and a clear commitment to mentoring the next generation of R&D talent,” Van de Put said. “I’m confident that he will lead our worldwide R&D organization in strengthening its partnership with our commercial businesses, driving consumer centricity and category growth, and accelerating productivity.”
Chaclin most recently served as the Company’s Senior Vice President, R&D, Global Biscuits and Regional R&D partner for North America. Under his leadership, Mondelēz rolled out exciting innovations and renovations across some of its most iconic biscuit and baked snack brands, including Oreo, Chips Ahoy!, LU, Ritz, Club Social, belVita and Clif Bar. Earlier, he led R&D for the Company’s global gum and candy business.
Before joining Mondelēz International, Chaclin spent 18 years with PepsiCo in a series of progressively responsible roles spanning Frito-Lay North America, PepsiCo International, Global Beverages and Joint Ventures – ultimately leading R&D for PepsiCo North America Beverages and the Pepsi/Starbucks joint venture.
“I’m honored to assume leadership for the outstanding Mondelēz R&D team and look forward to advancing our technical capabilities, accelerating our competitive advantage, and most importantly, creating delicious new snacks for our consumers and customers,” Chaclin said.
An amateur chef and native of Curaçao, Netherlands Antilles, Chaclin brings to the role a passion for culinary arts and traditions. He holds a bachelor’s degree in chemical engineering from Texas A&M University and a master’s degree in business administration from Southern Methodist University. He serves on the Board of Torr FoodTech and on the Board of Trustees for IAFNS – Advancing Food and Nutrition Sciences.
About Mondelēz International
Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2024 net revenues of approximately $36.4 billion, MDLZ is leading the future of snacking with iconic global and local brands such as
Oreo
,
Ritz, LU, Clif
Bar
and
Tate's Bake Shop
biscuits and baked snacks, as well as
Cadbury Dairy Milk
,
Milka
and
Toblerone
chocolate. Mondelēz International is a proud member of the Standard and Poor’s 500, Nasdaq 100 and Dow Jones Sustainability Index. Visit
www.mondelezinternational.com
or follow the company on X at
www.x.com/MDLZ
.
Forward-Looking Statements
This press release contains forward-looking statements. Words, and variations of words, such as “will,” “may,” “expect,” “plan,” “continue” and similar expressions are intended to identify these forward-looking statements, including, but not limited to, statements of belief or expectation and statements about Mondelēz International’s leadership position in snacking. These forward-looking statements are subject to change and to inherent risks and uncertainties, many of which are beyond Mondelēz International’s control, which could cause Mondelēz International’s actual results or outcomes to differ materially from those projected or assumed in these forward-looking statements. Please also see Mondelēz International’s risk factors, as they may be amended from time to time, set forth in its filings with the U.S. Securities and Exchange Commission, including its most recently filed Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. There may be other factors not presently known to Mondelēz International or which it currently considers to be immaterial that could cause Mondelēz International’s actual results to differ materially from those projected in any forward-looking statements it makes. Mondelēz International disclaims and does not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation.
Contact: | Tracey Noe (Media) | Shep Dunlap (Investors) |
+1 847 943 5678 | +1 847 943 5454 | |
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