Mondelēz International Names Charles Bunch to Board of Directors

Mondelēz International has appointed Charles E. (Chuck) Bunch to its Board of Directors, effective Sept. 1. Bunch recently announced his retirement as Executive Chairman of the Board at PPG Industries, also effective Sept. 1. He served as PPG's Chairman of the Board and CEO from 2005 to 2015. With this addition, the Mondelēz International Board will have 14 Directors, 13 of whom are independent.  

"Chuck is another strong addition to our world-class Board of Directors," says Irene Rosenfeld, chairman and CEO. "His strategic skills and strong operational and cost-management expertise will be instrumental as we continue to create value for our shareholders by leveraging our portfolio, reducing costs and investing in growth."

"The entire Board is delighted to welcome Chuck as a director," says Mark Ketchum, lead director. "I'm confident that his skills and perspective will complement the wealth of experience of our strong Board."

After joining PPG in 1979, Bunch held positions in finance and planning, marketing, and general management in the United States and Europe during his first 15 years with the company. He was named vice president of architectural coatings in 1994, and vice president, fiberglass in 1995. Bunch was elected senior vice president of strategic planning and corporate services in 1997, and executive vice president of coatings in 2000. In 2002, he was named president and chief operating officer. During his tenure as Chairman and CEO from 2005 to 2015, Total Shareholder Return at PPG Industries averaged nearly 15 percent a year.

Bunch earned a bachelor's degree in international affairs from Georgetown University and an MBA from the Harvard University Graduate School of Business Administration. Bunch is a member of the Boards of Directors of ConocoPhillips, Marathon Petroleum and the PNC Financial Services Group. He is a former director of the H.J. Heinz Company Board, a former member of the University of Pittsburgh Board of Trustees, and a former director and chairman of the Federal Reserve Bank of Cleveland, the National Association of Manufacturers and the American Coatings Association (formerly the National Paint and Coatings Association).