Mondelēz takes majority stake in Undercover Snacks

• Mondelēz International is taking a majority stake in Undercover Snacks to accelerate the snack maker's innovation, distribution and growth.
• Undercover will remain a standalone business within the North America Ventures unit, retaining its existing management team.
• Diana Levy will remain CEO; Michael Levy will serve as president and chief operating officer.
• The Levys will retain a significant minority stake and serve on Undercover's board.
• Undercover's chocolate-covered and frosted quinoa crisps are sold in more than 25,000 retail locations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mondelez International Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY85722) on October 30, 2026, and is solely responsible for the information contained therein.