Mondelez International, the U.S.-based food manufacturer known for brands like Oreo and Cadbury, has reportedly revamped its European operations, specifically its profitable Russian business, in response to boycotts and shareholder pressure over its continued presence in Russia amidst the Ukraine war. This move comes despite previous pledges by the company to scale back its operations in the country. The overhaul includes the appointment of new management for its Russian segment, as revealed by internal company memos seen by Reuters. The changes aim to address the backlash Mondelez has faced for maintaining its business activities in Russia, where it has recently reported its highest ever profits.
Oreo maker Mondelez’s Russia presence is as strong as ever despite pledges to pull back over the Ukraine war https://t.co/oqNQnNHXNR via @business with @deenashanker
Oreo maker Mondelez’s Russia presence is as strong as ever despite pledges to pull back over the Ukraine war https://t.co/egFwzZj8Ip
🤮 Oreo and Milka producer reports highest ever profits in Russia – Reuters https://t.co/bB4LmfB6g2
⚡️Reuters: Oreos manufacturer Mondelez overhauls Russian operations U.S.-based food manufacturer Mondelez, owner of well-known brands like Oreo and Cadbury, opted to revamp its Russian business amid boycotts and shareholder pressure, Reuters reported on Feb. 16.
Oreo cookie-maker Mondelez MDLZ.O put new management in place at its profitable Russian business this week, according to two internal company memos seen by Reuters that reveal fresh details of a corporate overhaul in Europe. https://t.co/KwNQljBL2Z
Exclusive: Mondelez revamps European operations after boycotts over Russian business, internal memos show https://t.co/f76je5aJNV https://t.co/tbPiz6q0MS
⚠️ EXCLUSIVE-MONDELEZ REVAMPS EUROPEAN OPERATIONS AFTER BOYCOTTS OVER RUSSIAN BUSINESS, INTERNAL MEMOS SHOW (Reuters) Oreo cookie-maker Mondelez put new management in place at its profitable Russian business this week, according to two internal company memos seen by Reuters… https://t.co/jSWYTnZ99w
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