Mondelez CEO Irene Rosenfeld quits amid buyout buzz

Dirk Van de Put, currently with Canadian major McCain Foods, to take over as new chief executive

Mondelez International’s long-standing chief executive officer, Irene Rosenfeld, will step down in November, the company said. Allowing a new chief executive, Dirk Van de Put, currently with Canadian major McCain Foods, to take over.

The announcement comes when speculation about a possible takeover by the Warren Buffett-led Kraft Heinz has been growing. FT Dealreporter said Kraft Heinz was now pursuing Mondelez, though the company did not confirm or deny the news globally.

Rosenfeld, with the company for 11 years, will continue as chairman of the board of directors till March 31, 2018, at which point she will retire.

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