Mondelez International is welcoming Brian Gladden as the company’s new Executive Vice President and Chief Financial Officer, effective October 13. Beginning December 1, David Brearton, former EVP and CFO, will assume a new role as EVP, Strategic Initiatives.
“Adding Brian to our leadership team will accelerate our progress in becoming the best snacking company in the world,” said CEO Irene Rosenfeld. “Brian has a proven track record in financial and operating discipline, aggressive cost management to expand margins and fund growth, and building and leading a global business services operation. This background, together with his extensive experience operating in emerging markets, creating shareholder value and developing talent, will greatly benefit our global organization and our shareholders.”
Gladden, the former SVP and CFO of Dell, similarly shared his excitement for joining Mondelez, noting that he couldn’t wait to “help accelerate the aggressive transformation agenda that the company has launched.”
Gladden’s predecessor, Brearton, will oversee the joint venture with D.E. Master Blenders 1753 to form Jacobs Douwe Egberts, a pure-play coffee company with more than $7 billion in revenue, according to a press release. Brearton was instrumental during the split in Kraft Foods to form Mondelez International and in the integration of the Cadbury and LU acquisitions. “I thank Dave for this partnership as CFO these past three years and am delighted that he’ll continue to bring his significant experience to the execution of our transformation initiatives and to the successful launch of our coffee JV,” said Rosenfeld.
Breaton added, “I’m happy to be welcoming a seasoned financial leader like Brian to the organization as we accelerate our growth and cost agendas, allowing me to focus on establishing our coffee joint venture at this critical juncture.”
Congratulations on joining Mondelez, Gladden! We wish Brearton the best of luck in his future endeavor.