Mondelez (NASDAQ: MDLZ) adds COO role to CFO Luca Zaramella
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Mondelēz International, Inc. appointed Luca Zaramella as Chief Operating Officer, effective February 1, 2026, while he continues as Executive Vice President and Chief Financial Officer. He has held senior finance roles at the company since 2011 and joined in 1996.
For 2026, his compensation package includes an annual base salary of $1,250,000, a target annual incentive equal to 150% of base salary, and a long-term incentive opportunity with a target value of $7,225,000. He is also permitted reasonable business use and limited personal use of the company aircraft, subject to company policies. The company states there are no family relationships or related party transactions involving him that require disclosure.
Positive
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Negative
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8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What executive change did Mondelēz International (MDLZ) announce in this 8-K?
Mondelēz International appointed Luca Zaramella as Chief Operating Officer, effective February 1, 2026, while he continues as Executive Vice President and Chief Financial Officer. The company disclosed this leadership change along with related compensation details and a reference to an accompanying press release.
What is Luca Zaramella’s new compensation package at Mondelēz International (MDLZ)?
For 2026, Luca Zaramella will receive a $1,250,000 annual base salary, a target annual incentive of 150% of base salary, and a long-term incentive opportunity with a target value of $7,225,000, as approved by the People and Compensation Committee of the board.
What roles will Luca Zaramella hold at Mondelēz International (MDLZ) after this change?
Luca Zaramella will serve simultaneously as Chief Operating Officer and as Executive Vice President and Chief Financial Officer. He has been Executive Vice President and Chief Financial Officer since August 2018 and previously held several senior finance leadership positions within Mondelēz International.
What additional perks or benefits were approved for Luca Zaramella at Mondelēz (MDLZ)?
The board’s People and Compensation Committee approved Luca Zaramella’s reasonable business use and limited, reasonable personal use of Mondelēz’s aircraft. This access is subject to the company’s policies and procedures governing aircraft usage, which may be amended from time to time by the company.
How did Mondelēz International (MDLZ) communicate Luca Zaramella’s appointment externally?
Mondelēz International issued a press release on January 29, 2026 announcing Luca Zaramella’s appointment as Chief Operating Officer. The press release is included as Exhibit 99.1, and the company notes this information is furnished under Regulation FD rather than filed for liability purposes.