Chocolate and cookie maker Mondelēz International is set to see a leadership change, as Deepak Iyer, the current President for India & Southeast Asia, is being elevated to a higher position. Effective June 5th, Iyer will take on the role of Executive Vice President and President of the Asia Pacific, Middle East and Africa (AMEA) region.
As the new Executive Vice President and President of the AMEA region, Deepak Iyer will have a significant responsibility at Mondelēz International. He will oversee the company’s operations across more than 70 countries, with a business worth $6.8 billion, and lead several iconic brands such as Oreo, belVita biscuits, Cadbury chocolate, and Kinh Do cakes. While Iyer takes on this crucial role, Mondelēz International has not yet announced a successor to his current position.
Dirk Van de Put Chairman and CEO of Mondelēz International, said, “With close to three decades of leadership experience and a strong track record of success driving the growth of brands in emerging markets across Asia and Africa, Deepak is the ideal leader to continue our strong and sustained growth across the AMEA region.”
“Under his leadership these past six and a half years, India has delivered strong, profitable growth and become a consistent exporter of talent and best practices across our global network,” he said.
From 2016, Deepak Iyer has been instrumental in leading Mondelēz International’s India business, achieving consistent double-digit revenue growth and expanding profit margins. Under his leadership, the company also generated strong cash flow and embraced advanced technologies while leveraging consumer data. Iyer’s successful tenure in India positions him well to take on the new role of Executive Vice President and President of the AMEA region.
Mondelēz International witnessed a notable increase in revenue in FY22, reporting a 16% jump from the previous year, with a total of INR 9,296 crore. As part of its growth plans, the company’s India division has committed to investing INR 4,000 crore over the next four years to expand manufacturing capacity, build new warehouses, and establish cold-chain facilities. This investment demonstrates Mondelēz International’s dedication to expanding its presence in India and continuing to deliver high-quality products to its customers.
With more than thirty years of management experience, Deepak Iyer brings a wealth of knowledge and expertise to his new role. He has held senior positions across sales, marketing, and general management, overseeing operations in India, Southeast Asia, and Africa. Prior to joining Mondelēz International, Iyer worked at prominent consumer goods companies such as PepsiCo, Marico, and Wrigley India Pvt Ltd, where he served as Managing Director. Iyer holds an MBA and is a qualified engineer, underscoring his technical and business acumen.
Maurizio Brusadelli, Mondelēz International’s current Executive Vice President and President of the AMEA region, will be stepping down from his position in June to pursue a new leadership opportunity. Deepak Iyer will assume Brusadelli’s role, taking charge of the company’s operations in Asia Pacific, Middle East, and Africa. This leadership transition marks a significant change for Mondelēz International, as the company navigates new opportunities and challenges in the global market.