Mondelez International, the company behind popular chocolates and snack brands including Toblerone, announced Monday that it has appointed Amit Banati as its new chief financial officer. The change takes effect July 1.
Banati steps into the position previously held by Luca Zaramella, who transitioned to the role of chief operating officer in January after serving as the company’s finance chief for more than eight years.
Before joining Mondelez, Banati spent roughly 13 years as CFO at Kellogg and continued in that capacity at Kellanova following the company’s split, remaining there through May 2025. He then served for a year as CFO at Kenvue, the maker of Tylenol.
His career in the consumer goods sector spans decades. He has held senior-level positions at Cadbury Schweppes and at Kraft Foods, the predecessor to Mondelez, along with a 13-year tenure at Procter & Gamble earlier in his career.
Mondelez has managed to hold its ground in a challenging environment for packaged food companies, continuing to see demand for its biscuits and chocolates even as prices have risen.
