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Irene B. Rosenfeld

Report says Mondelez could replace longtime CEO Rosenfeld

Oreo cookie maker Mondelez is thinking about replacing longtime CEO Irene Rosenfeld, according to a report in the Wall Street Journal.

The report says Mondelez's board has discussed possible replacements for Rosenfeld, who is also chair of the company, and hired a recruiting firm to evaluate replacements.

Mondelez's best-known products include Chips Ahoy cookies, Cadbury chocolates and Trident gum. Like some of its competitors, Mondelez has slashed costs and worked to transform its business as customers' appetite for packaged foods faded and competition from smaller companies that sell foods that seem more wholesome. Revenue for Mondelez has fallen for three years in a...