Brian Gladden, 49, joined Mondelez International as executive v.p. and c.f.o. in December. David Brearton, who previously held that role, will assume a new one that focuses primarily on the establishment and launch of the joint venture with D.E Master Blenders 1753 to form Jacobs Douwe Egberts. Gladden’s first day at Mondelez International was Oct. 13.
The Jacobs Douwe Egberts venture is expected to close in 2015 and will create a pure-play coffee company with more than $7 billion in revenue. Both Gladden and Brearton will report to Mondelez International chairman and c.e.o. Irene Rosenfeld.
“Adding Brian to our leadership team will accelerate our progress in becoming the best snacking company in the world,” said Rosenfeld. “Brian has a proven track record in financial and operating discipline, aggressive cost management to expand margins and fund growth, and building and leading a global business services operation. This background, together with his extensive experience operating in emerging markets, creating shareholder value and developing talent, will greatly benefit our global organization and our shareholders.”