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Not to be confused with Mondelēz International, Inc..
Mondelēz International
Company type
Public
Nasdaq: MDLZV
IndustryFood processing
HeadquartersDeerfield, Illinois, U.S.
Area served
Worldwide
Key people
Irene Rosenfeld
(Chairman & CEO)
Dana Anderson
(Sr. VP of Marketing Strategy & Communications)[1]


Mondelēz International Inc. (NASDAQ: MDLZV) is a global snacks and confectionary business with an approximate annual revenue of $36 billion. Several of its brands earn more than $1 billion, including Cadbury, Jacobs, LU, Milka, Nabisco, Oreo, Tang and Trident.[2]

The company is headquartered in 3 Parkway North Deerfield, Illinois, where it has recently moved about 400 employees into a 105,000 square feet building.[3]

Mondelēz International Inc. is an independent public company; it was listed on the NASDAQ on September 17, 2012.[4]

History

On August 4, 2011, Kraft Foods Inc. announced that the company will be split into two independent public companies.[5]

Kraft Foods Inc. will spin-off its $16 billion North American grocery business, Kraft Foods Group, Inc., on October 1, 2012.[6] Kraft Foods Group Inc. will own brands such as Velveeta, Jell-O, Oscar Mayer, Philadelphia Cream Cheese, Maxwell House, Capri Sun, Miracle Whip, and Kraft Macaroni & Cheese.[7]

Kraft Foods Inc. will be renamed Mondelēz International Inc.[8] This new company will be a $32 billion business, consisting of Kraft Foods Europe and Developing Markets units, as well as the North American snacks and confectionery businesses.[9]

The proposed company split will occur on October 1, 2012.

Origin of Company Name

The firm's name, Mondelēz (pronounced mohn-dah-LEEZ'), is derived from the Latin word for "world" ("Monde") and "delez" is an expression of "delicious."[10] It came from a Kraft Foods employee crowdsourcing survey. More than 1,000 employees submitted entries. The winning company name came from two separate employees - one from Vienna, another from Northfield, Illinois.[11]

Brands

Mondelēz International's brands include:[12][13]

References

  1. ^ "Kraft-spinoff Mondelez Taps Dana Anderson for Key Marketing Role". Chicago Business Journal. September 10, 2012.
  2. ^ "Kraft Foods Announces Intent to Create Two Independent, Publically Traded Companies". Kraft Foods Financial News Release. August 04, 2011. {{cite news}}: Check date values in: |date= (help)
  3. ^ "Kraft Picks HQ Location for Mondelez Snack Business". Chicago Tribune. July 06, 2012. {{cite news}}: Check date values in: |date= (help)
  4. ^ "Kraft, Mondelez Open Share Buys". Chicago Sun-Times. 09/18/2012. {{cite news}}: Check date values in: |date= (help)
  5. ^ "Kraft Foods Announces Intent to Create Two Independent, Publically Traded Companies". Kraft Foods Financial News Release. August 04, 2011. {{cite news}}: Check date values in: |date= (help)
  6. ^ "Growth Strategy for Mondelez International Unveiled at Barclays Capital Back to School Consumer Conference". PR Newswire. September 06, 2012. {{cite news}}: Check date values in: |date= (help)
  7. ^ "Kraft Foods Announces Intent to Create Two Independent, Publically Traded Companies". Kraft Foods Financial News Release. August 04, 2011. {{cite news}}: Check date values in: |date= (help)
  8. ^ "Growth Strategy for Mondelez International Unveiled at Barclays Capital Back to School Consumer Conference". PR Newswire. September 06, 2012. {{cite news}}: Check date values in: |date= (help)
  9. ^ "Kraft Foods Announces Intent to Create Two Independent, Publically Traded Companies". Kraft Foods Financial News Release. August 04, 2011. {{cite news}}: Check date values in: |date= (help)
  10. ^ "Kraft Foods Proposes Mondelēz International, Inc. As New Name For Global Snacks Company". Kraft Foods Financial News Release. March 21, 2012.
  11. ^ "For Oreo, Cadbury and Ritz, a New Parent Company". New York Times. May 23, 2012.
  12. ^ "Kraft Foods Announces Intent to Create Two Independent, Publically Traded Companies". Kraft Foods Financial News Release. August 04, 2011. {{cite news}}: Check date values in: |date= (help)
  13. ^ "Kraft Spinoff Mondelez Reviews Media Region-by-Region Process Begins in Europe". Adweek. August 31, 2012.
  14. ^ "Kraft Warns of Forex Drag on Mondelez International". Reuters. September 06, 2012. {{cite news}}: Check date values in: |date= (help)

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