Following his retirement, Khosla will continue to work with the company through the end of 2013 in a consulting capacity to sponsor and further advance Mondelez International’s leadership development programmes.
Since joining the company in 2007, Khosla and his developing markets team have doubled the business through organic growth and more than tripled it after acquisitions, while also significantly improving profitability.
With more than $16bn in revenue, developing markets represent about 44% of Mondelez International’s 2011 net revenue.
“Having built our developing markets business into the growth engine of the company and a critical part of our global portfolio, Sanjay and I have been discussing since last year the best time for him to retire to pursue his passions for teaching, writing and board work,” said Irene Rosenfeld, chairman and CEO. “With the spin-off completed and our new company successfully launched, we’ve agreed that now is the right time.”
Source: Mondelez International
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