Mondelēz’s sustainability program, Cocoa Life, has signed a memorandum of understanding with Ghana Cocoa Board to help reduce emissions in its cocoa supply chain, ‘one of the biggest threats to sustainable cocoa production.’
Trian Fund Management CEO Nelson Peltz, who pushed for a merger between Mondelēz and PepsiCo five years ago, will stand down from Mondelez’s Board of Directors as the Cadbury maker names two new members.
Mondelēz’s new CEO Dirk Van de Put, who replaced Irene Rosenfeld last November, called 2017 ‘a solid year’ as the company’s organic sales during Q4 and full fiscal year 2017 grew 2.4% and 0.9% respectively.
Mondelēz has teamed up with Post Consumer Brands, Post Holdings’ cereal division, to launch several cereal products using flavors of its long-established cookie and cracker brands, including Honey Maid, Nutter Butter and Chips Ahoy.
Ferrero would become the ‘third largest player in chocolate confectionery in the world if it successfully acquires Nestlé’s US candy business, a deal that is expected to come through by the end of this week, said Euromonitor.