Wespath Benefits and Investments Submits a Shareholder Proposal to Mondelez International
April 12, 2024 at 04:15 pm EDT
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On April 12, 2024, Wespath Benefits and Investments filed an exempt solicitation statement soliciting proxies and urged the shareholders to vote for a shareholder proposal, requesting the Board of Directors commission an independent third-party report, at reasonable cost and omitting proprietary information, assessing the effectiveness of the Company?s implementation of its Human Rights Policy (HRP) associated with operations in Conflict-Affected and High-Risk Areas (CAHRA), including Russia and Ukraine, submitted by Wespath Benefits and Investments at the Company?s annual shareholders meeting scheduled to be held on May 22, 2024.
Mondelez International, Inc. is one of the world's leading food processing groups. Net sales break down by family of products as follows:
- cookies and snacks (48.9%): Barni, belVita, Chips Ahoy, Club Social, Enjoy Life Foods, Honey Maid, Kinh Do, LU, Oreo, Prince, Ritz, Tate's Bake Shop, Tiger, Triscuit, TUC, Wheat Thins, etc. brands;
- chocolates (29.5%): 5 Star, Alpen Gold, Cadbury, Cadbury Dairy Milk, Côte d'Or, Daim, Freia, Hu, Lacta, Marabou, Milka, Toblerone, etc. brands;
- chewing gums and candies (12.3%): Halls, Clorets, Maynards Bassett's, Sour Patch Kids, Stride, etc. brands;
- cheese and grocery products (6%);
- beverages (3.3%): juices, teas and powdered beverages (Tang brand) and malted beverages (Cadbury Bournvita).
At the end of 2023, the group had 148 manufacturing sites worldwide.
Net sales are distributed geographically as follows: the United States (26.6%), North America (4.2%), Europe (35.7%), Asia/Pacific/Middle East/Africa (19.6%) and Latin America (13.9%).