Mondelez International, Inc., a snack food and beverage company, has announced that Sanjay Khosla, executive vice president and president, developing markets, will retire in the spring of 2013.
"Having built our Developing Markets business into the growth engine of the company and a critical part of our global portfolio, Sanjay and I have been discussing since last year the best time for him to retire to pursue his passions for teaching, writing and board work," said Irene Rosenfeld, chairman and CEO. "With the spin-off completed and our new company successfully launched, we've agreed that now is the right time."
"I'm pleased to be leaving the company having largely accomplished the challenge Irene put before me when I first arrived: to dramatically increase our Developing Markets business," Mr Khosla said. "Moreover, I'm especially proud of the tremendous talent we've developed throughout the organization. Indeed, the people who will continue to lead the regions have earned their promotions. And I'm confident they will drive top-tier growth going forward."
Following his retirement, Mt Khosla will continue to work with the company through the end of 2013 in a consulting capacity to sponsor and further advance Mondelez International's leadership development programs.