Mondelez International Inc at Consumer Analyst Group of New York Conference Transcript
Thanks, everybody, if you could just find your seats. Our next presenting company is Mondelez International. Please join me in thanking Mondelez for the -- sponsoring the snack breaks out front all day. You'll be happy to know there have been no confirmed injuries out front there. Safety first at CAGNY, so let's keep our eyes open.
Basically, CEO, Dirk Van de Put; and CFO, Luca Zaramella are coming to us after the first full year of their new strategy, which is more focused on growth and some significant changes in terms of culture. Mondelez has made major shifts in how the company is organized commercially. It's focused on gross profit dollars versus solely margin percentage as well as significant changes in the incentive structure to better align with strategic goals. These changes, along with reinvestment efforts clearly have led to a material acceleration in sales growth at a time when many companies are still looking for reinvestment to pay off.
Looking ahead, 2020 is all about keeping the top
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