Confectionary giant Mondelēz International has announced the appointment of Samir Jain as President of its India business. Effective June 5, current President Deepak Iyer will transition to the role of EVP and President, Asia Pacific, Middle East, and Africa (AMEA) region. Jain, who will join the company in August, will report to Iyer and serve as a member of the AMEA leadership team representing India.
“We are delighted to welcome Samir to Mondelēz International to lead our fast-growing business in India. His CPG experience coupled with cross-functional leadership should help him grow and scale our India business further. With Deepak in his new role as leader of the region and Samir’s experience, India is well placed to continue to be a growth engine for Mondelēz International,” said Maurizio Brusadelli, EVP and President, AMEA in a statement.
Samir Jain will be joining Mondelēz International from his previous position as the Managing Director of Bunge India, where he held the role for the last ten years.
Prior to his role at Bunge India, Samir Jain had a successful career at Unilever India spanning over 17 years. He joined Unilever in 1995 as a management trainee and held various positions across different categories and functions. In 2012, he left the company as the Vice-President of the laundry category. During his tenure at Unilever, he also served as the Global Finance Director for the hair category based in the UK.
“Jain has broad strategic and operational capabilities having worked in marketing, sales, finance, supply chain, procurement, and general management during his career,” the company’s statement added.
Mondelez’s India business generates around $1.2 billion in revenue, representing a substantial portion of the company’s overall earnings. Its local unit holds an impressive market share of nearly two-thirds in the chocolate segment within the country. Notably, Mondelez India defied the market slowdown trend by achieving double-digit sales growth in the previous year, highlighting its strong performance.
According to Tofler, Mondelez witnessed a robust 16% growth in sales, reaching INR 9,296 crore during the fiscal year 2021-22. However, there was a modest 2% decline in net profit, which amounted to INR 978 crore.