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Dirk Van de Put named CEO of Mondelēz as long-time CEO Irene Rosenfeld retires

Oreo cookies maker Mondelez International said it appointed Dirk Van de Put, the current chief executive of Canadian frozen foods maker McCain Foods, to succeed Irene Rosenfeld as the company's chief executive from November 2017.

Shares of the company, which also reported a higher-than-expected second-quarter profit, were up 2.5 percent at $44.70 before the bell.

The world's second-largest confectionary company also said it would increase its quarterly cash dividend by 16 percent to 22 cents per share.

Rosenfeld has been associated with the company for more than 11 years, first as the CEO of Kraft and then as the CEO of Mondelez, which was spun off from Kraft in 2012.

Rosenfeld will continue as...