Pinnacle Foods names Mondelez International's Mark Clouse CEO

Pinnacle Foods, the US group behind brands including Duncan Hines and Gardein, has named Mondelez International executive Mark Clouse as its new CEO.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:

Market drivers and inhibitors
Five-year forecasts and the impact of COVID-19
The performance of the online channel versus offline
Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation

Assess developments within this sector to help your business thrive in 2022 and beyond.

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Clouse, chief commercial officer at Mondelez, will take up the role on 23 May.

Pinnacle said last month current CEO Bob Gamgort would leave the company at the end of April to become CEO post at Keurig Green Mountain.

Between Gamgort’s departure and Clouse’s approval, Pinnacle CFO Craig Steeneck is to act as CEO on an interim basis.

At Mondelez, Clouse oversees commercial execution at the Oreo maker, as well as the global sales function at the snacks giant. Clouse took the role last autumn, moving from his previous position as Mondelez’s chief growth officer.

“We are thrilled to welcome Mark to Pinnacle as our new CEO,” said Pinnacle chairman Roger Deromedi. “Mark’s strong operating background and proven track record of success, combined with his broad experience in both the North American market and more entrepreneurial developing market businesses, make him the ideal candidate to lead Pinnacle and drive the continued success of our business model and strategy.”

Clouse, commenting on his appointment, added: “I believe the company’s proven business model and strategy will continue to deliver consistently strong results, and I look forward to leading the organisation through its next stage of attractive value creation.”

Free Report

What’s the forecast for the food and grocery industry?

Market drivers and inhibitors
Five-year forecasts and the impact of COVID-19
The performance of the online channel versus offline
Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation

Assess developments within this sector to help your business thrive in 2022 and beyond.

By GlobalData

By downloading this case study, you acknowledge that GlobalData may share your information with GlobalData and that your personal data will be used as described in their Privacy Policy