date:Jul 14, 2014
rene Rosenfeld is increasingly focusing on faster- growing, more profitable snacks like biscuits, chocolate and gum, which account for three-quarters of sales. In a 2013 investor presentation, the company said cheese and grocery was its slowest-growing segment.
Rosenfeld is under pressure from Whitworth and Peltz, who want the company to improve margins and deepen cost cuts. Peltz joined Mondelezs board this year. The company has forecast adjusted operating income margins to widen from 12 perce