Following this appointment, Luca Zaramella will continue in his role as Executive Vice President and Chief Operating Officer (COO), focusing his leadership on commercial operations, including the group's four geographic regions, corporate sales, marketing, and supply chain functions.

Amit Banati most recently served as CFO of the consumer health group Kenvue, after holding the position of Vice President and CFO at Kellanova, formerly known as Kellogg Company. Throughout his career, he has also held leadership roles at Procter & Gamble, Cadbury Schweppes, and Kraft Foods (the 2012 spin-off of which created Mondelez).

"His track record of delivering results and developing talent within major global companies as a CFO, combined with his experience in general management and emerging markets, will bring a vital perspective to our leadership team," commented Dirk Van de Put.