Peltz steps down from Mondelez board

|By:, SA News Editor

Nelson Peltz is stepping down from the board at Mondelez International (NASDAQ:MDLZ).

The company says former Reynolds American CEO Debra Crew and Trian's Peter May will be new additions to the board.

"As a large shareholder, Trian remains a strong believer in the future success of Mondelez International. The company is well positioned to continue to create value for its shareholders under Dirk who became CEO in November 2017," says Peltz.

MDLZ -0.26% premarket to $42.42.

Subscribe for full text news in your inbox