Mondelēz International has appointed Amit Banati as executive vice president and chief financial officer, effective 1 July.
Banati will report directly to chairman and chief executive Dirk Van de Put and join the company's leadership team, succeeding Luca Zaramella in the CFO role.
Zaramella will remain with the snacks giant as executive vice president and chief operating officer, with responsibility for commercial operations across Mondelēz's four geographical regions, as well as corporate sales, marketing and supply chain functions.
Banati joins Mondelēz from Kenvue, where he most recently served as chief financial officer. Before that, he was vice chair and CFO at Kellanova, formerly Kellogg Company.
His career at Kellogg included serving as president of the Asia Pacific, Middle East and Africa region before being promoted to senior vice president and CFO. Earlier roles included senior financial, management and strategic positions at Procter & Gamble, Cadbury Schweppes and Kraft Foods following its acquisition of Cadbury.
Van de Put said Banati's combination of financial expertise and commercial experience made him well suited to support the company's next phase of growth.
"Amit is a highly experienced CFO who brings a strong blend of financial leadership and commercial acumen spanning multiple consumer businesses," he said.
"His track record of delivering results and building talent across large, global businesses as a CFO, alongside his breadth of general management and emerging market experience, will provide important perspective to our leadership team. I look forward to working with him to deliver against our strategic growth agenda."
Van de Put also paid tribute to Zaramella's contribution during his eight years leading the company's finance function.
"I want to thank Luca for his outstanding contributions over eight years as CFO, during which he played a pivotal role in shaping our financial strategy and strengthening our company," he said.
"We will continue to benefit from his strong leadership as chief operating officer, focusing on driving durable, profitable growth and value creation."
Banati said he was pleased to be returning to the business, having previously worked for Kraft Foods, one of Mondelēz's predecessor companies.
"I am delighted to rejoin Mondelēz International," he said.
"I am excited to return to a company and set of brands that I know well. The company has an iconic portfolio, an advantaged global footprint and a talented team. I look forward to working closely with Dirk and the entire team to advance the company's strategy, achieve its significant growth potential and continue its strong track record of profitable growth."


