Cadbury plc

Oreo-maker Mondelez hires search firm, may replace CEO

Oreo-maker Mondelez hires search firm, may replace CEO

Mondelez International, known for brands like Oreo cookies and Cadbury chocolate, is in the early stages of identifying a possible replacement for CEO Irene Rosenfeld, according to a source familiar with the process.

Mondelez hired Chicago-based recruiting firm Heidrick & Struggles to assist with the company's CEO succession planning, a process that involves evaluating both internal and external candidates over a period of up to six months or more, the source said.

Rosenfeld's departure would represent a major shift for the Deerfield-based global snack company, which has worked to cut costs and increase profit margins in the face of changing consumer tastes and challenging...

46°