Clif Bar Continues to Improve Profitability Under New Owner
July 28, 2023
Mondelez International said its recently-acquired Clif Bar business continued to improve profitability in the second quarter with the help of higher prices amid “robust” sales growth and as Clif Bar recently overhauled its management team, including the exit of CEO Sally Grimes.
At the close of February, Alexandre Zigliara was hired as president of Clif Bar, succeeding Grimes, who had been CEO of the company since May 2020.
Zigliara has led the global integration of Clif Bar since Mondelez acquired the company for $2.9 billion in August 2022. Earlier, he spent a year as SVP and general manager of strategic growth channels at Mondelez. Before joining Mondelez in 2021, he spent 17 years at Coca-Cola. SGB Media