This audio is automatically generated. Please let us know if you have any feedback.
Mondelēz has tapped his head of supply chain strategy to oversee the snacks giant’s global operations, the company announced in its third-quarter earnings report.
Frank Cervi has assumed the role of chief supply chain operations officer, CEO Dirk Van de Put said on a conference call on Tuesday. He replaces Sandra MacQuillan, who is retiring after three years as Chief Supply Chain Officer.
“Frank is a proven leader with more than 30 years of experience in the global supply chain,” said Van de Put. “He has a strong drive for excellence in execution, tackling big challenges and striving for continuous improvement.”
Van de Put also announced that Daniel Ramos will take over the position of Chief Research and Development Officer following the departure of Rob Hargrove in January. Ramos comes from Estée Lauder Companies where he focused on sustainable packaging.
The leadership changes come as the company reports supply chain improvements after production issues at its manufacturing facilities led to shortages of certain products. Mondelēz had prioritized key SKUs and simplified operations to better position the company to fulfill orders, and reported fewer stockouts as a result.
Still, sales at the company’s manufacturing facilities remain high, and CPG identified some challenges with cross-border transportation between the U.S. and Mexico. The costs of packaging and raw materials, including dairy, wheat and cooking oils, also remain high.
Mondelēz will increase prices in key markets to offset costs. The maker of Ritz crackers and Oreos has already hiked prices in Europe and is preparing to follow suit in the US in December.