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Mondelez responds to two executives being "taken away", saying they are indeed cooperating with the investigation and are off duty

2024-07-26

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Beijing News (Reporter Wang Ziyang) On July 26, in response to the incident where two Mondelez executives were suddenly "taken away" on suspicion of embezzlement, Mondelez responded to the Beijing News reporter that the two employees are cooperating with the relevant investigation and are off duty, and information will be released in due course based on the official investigation results.

According to the news, two senior executives of Mondelēz were suddenly "taken away" for suspected occupational embezzlement. Their employee numbers were cancelled, their computers were confiscated, and the relevant structures were gone. That evening, Mondelēz China held an impromptu meeting to discuss the matter. At the meeting, Mondelēz specifically asked the company's employees to "refrain from speaking" about the matter. One of the two executives involved in the case is named Grace Zhu, and the other is named Simon in English. However, Mondelēz did not disclose the identities of the two employees who cooperated with the investigation.

Mondelez said that it has noticed the relevant article and the two employees mentioned in the article are cooperating with the relevant investigation and are off duty. The company will release information in a timely manner based on the official investigation results.

Mondelez is an international chocolate, biscuit, chewing gum, candy, coffee and solid beverage food company. The company owns several star brands with annual revenue of US$1 billion, such as Oreo, Triumph, Chewy, and E-Calm. The company's global net income in 2023 is US$36.02 billion, up 14.35% year-on-year; net profit is US$4.97 billion, up 82.25% year-on-year.

Editor: Zhu Fenglan

Proofread by Chen Diyan