Mondelez International

Mondelez International is a leading global snacking powerhouse and one of the world's largest snack companies, headquartered in Chicago, Illinois, with 2024 net revenues of approximately $36.4 billion. The company operates in approximately 150 countries worldwide, employing over 90,000 colleagues across its global operations. Mondelez International was created through a strategic spin-off from Kraft Foods Inc. on October 1, 2012, when Kraft Foods split into two independent public companies – the international snacks business (Mondelez International) retained many of Kraft's international operations and iconic global brands, while the North American grocery business became Kraft Foods Group. The distinctive name 'Mondelez' is a clever combination of 'mundus,' the Latin word for 'world,' and a creative alteration of 'delicious,' encapsulating the company's ambition to be a leading global snacking powerhouse. However, the company's roots trace back much further to 1903, when James Lewis Kraft started a cheese business in Chicago with a scant $65 after being eased out of his previous business partnership. Kraft used his meager capital to rent a horse and wagon, purchasing cheese stock each day to resell to small storekeepers. By 1909, his brothers Charles, John, Fred and Norman joined him, and they incorporated the business as J.L. Kraft & Bros. Co., with J.L. Kraft as president. The company's heritage also connects to the National Dairy Products Corporation (National Dairy), founded on December 10, 1923, by Edward E. Rieck and Thomas H. McInnerney. Through a series of strategic mergers, acquisitions, and corporate evolution spanning over a century, these founding businesses eventually became part of the Mondelez International portfolio. Today, Mondelez International holds the number one global position in biscuits and is the second-largest manufacturer of chocolate worldwide. The company's strategic focus centers on three priorities: accelerate consumer-centric growth, drive operational excellence, and build a winning growth culture. In 2024, chocolate sales reached $5.0 billion with a 31% market share, while biscuit sales totaled $4.4 billion with a 26% market share. The company operates a portfolio of iconic global and local brands including Oreo, Ritz, LU, Clif Bar, Tate's Bake Shop, Cadbury Dairy Milk, Milka, Toblerone, Sour Patch Kids, Halls, and Tang. Mondelez began trading on the Nasdaq stock exchange under ticker symbol MDLZ in 2012 and has since established itself as a cornerstone of the global snacking industry. The company remains committed to an acquisition strategy focused on bolt-on assets, with recent acquisitions including Chipita, Clif Bar, Ricolino, and Evirth. As of 2024, the company continues to lead the future of snacking through innovation, strategic expansion into emerging markets, digital transformation, and strong sustainability commitments.