Samir Jain has been appointed president of the Mondelez India wing and will join the company in August. He takes over from Deepak Iyer, who was raised to EVP and president, of the Asia Pacific, Middle East, and Africa (AMEA) region, effective June 5th, 2023.
Jain will report to Deepak Iyer in his new role and will be part of the AMEA leadership team representing India.
Maurizio Brusadelli, EVP and President, AMEA, said, “With Deepak in his new role as leader of the region and Samir’s experience, India is well placed to continue to be a growth engine for Mondelez International”.
Jain joins Mondelez International from Bunge India, where he led the business as managing director for the last ten years. He worked at Unilever India for more than 17 years in various roles across categories and functions, starting in 1995 as a management trainee and leaving the company in 2012 as the vice president of the laundry category.
India accounts for about $1.2 billion of revenue for parent company Mondelez, with the local unit controlling nearly two-thirds of the country’s chocolate market. Last year, the company posted double-digit growth in sales, bucking the slowdown trend in the overall market. According to Tofler, Mondelez recorded a 16% jump in sales to Rs. 9,296 crores during 2021–22, while net profit fell 2% to Rs. 978 crores.