Mondelez International has promoted Deepak Iyer to executive vice president and president for Asia Pacific, Middle East, and Africa (AMEA) effective June 5, and before this, he was the snacking company’s president for India and Southeast Asia.
Now Iyer will be in charge of leading the company’s $6.8 billion AMEA business across more than 70 countries.
The Chairman and CEO of Mondelez, Dirk Van de Put, said, “With close to three decades of leadership experience and a strong track record of success driving the growth of brands in emerging markets across Asia and Africa, Deepak is the ideal leader to continue our strong and sustained growth across the AMEA region”.
“Under his leadership these past six and a half years, India has delivered strong, profitable growth and become a consistent exporter of talent and best practices across our global network.” “We look forward to leveraging his skills and experience in this expanded role to drive greater positive impact across the broader region and the entire company.”
Since 2016, Iyer has led the company’s India business, driving double-digit revenue growth, significantly expanded profit margins, strong cash flow generation, the adoption of advanced technologies, and the use of consumer data. Iyer replaces Maurizio Brusadelli, who will leave the company in June to pursue another leadership opportunity.
Earlier this year, the company said it would invest Rs 4,000 crore in India over the next four years, largely in manufacturing and the supply chain, to fuel surging demand. The makers of Cadbury and Oreo have invested Rs 1,500 crore in the country in the past four years.