Jain takes over from Deepak Iyer who was elevated to EVP and president, 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.
“We are delighted to welcome Samir to Mondelez International to lead our fast-growing business in India. His consumer packaged goods experience coupled with cross functional leadership should help him grow and scale our India business further. 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,” said Maurizio Brusadelli, EVP and President, AMEA.
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 left the company in 2012 as the vice president of the laundry category.
India accounts for about $1.2 billion of revenue for parent 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 at Rs 9,296 crore during 2021-22, while net profit fell 2% to Rs 978 crore.