By Dave Sebastian
Mondelez International Inc. said it has set a target of doubling Black representation in its management in the U.S. by 2024, as companies focus on racial-justice initiatives amid the national outcry stemming from police killings of Black people.
The Deerfield, Ill.-based food maker, whose brands include Oreo cookies, Ritz crackers and Cadbury chocolate, on Tuesday said it also plans to appoint a global chief diversity and inclusion officer.
"As a global company, we know that diversity in all its forms is a driver of innovation and growth and we must reflect the diversity of our consumers to deliver stronger business performance as we lead the future of snacking," Chairman and Chief Executive Dirk Van de Put said.
The company said it is working to increase the presence of underrepresented candidates on interview slates, double investment in early-career programs, including with historically Black colleges and universities, and establish mentoring and leadership-development programs for people of color.
The company said it commits to spending $1 billion with minority- and women-owned businesses by 2024. In the U.S., Mondelez said it will establish a multi-year college scholarship program for underrepresented youth.
Mondelez said it will include diversity and inclusion performance metrics in business unit and functional goals, in an effort to revamp company culture. It will also recognize Martin Luther King Jr. Day as a paid U.S. holiday and Juneteenth as a U.S. day of service.
Write to Dave Sebastian at email@example.com