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With Federal Reserve officials signalling that borrowing costs may stay higher for longer, with rates near 3.9% and inflation above target, a Simply Wall St screen has picked three US large-cap value stocks for income investors. Conagra Brands, a $6.4 billion packaged foods group, is funding Project Catalyst, a process and technology overhaul. Most financial benefits are expected from fiscal 2028 onward. Mondelez International, valued at $77.1 billion, kept its pricing actions after earlier cocoa cost spikes. Management calls the cocoa market structurally oversupplied in 2026, which may steady input costs. Penske Automotive Group, a $12.9 billion transportation services group, is growing higher-margin service and parts income. Retail Automotive brings in about $27.9 billion of its revenue.

Mondelēz appoints Richard Trechman as senior VP for North-West Europe. Mondelēz International has appointed Richard Trechman as its new senior vice-president for North-West Europe, effective since 1 October. In his new role, Trechman will oversee the company's operations in the Nordic countries, Benelux, Spain and Portugal, reporting directly to Volker Kuhn, executive vice-president and president for Europe at Mondelēz International. Trechman will succeed Clive Jones, who will leave the company at the end of the year. Kuhn said, "Richard has demonstrated across various European markets that he can grow strong brands and inspire teams." Kuhn later added, "With his commercial acumen and people-centred approach, he is the ideal person to further expand our North-West European operations and achieve sustainable, long-term growth." Richard Trechman. Trechman brings more than 20 years of experience in commercial and leadership roles to his new position. Most recently, he served as regional managing director and president of the DACH region at Danone, overseeing the company's operations in Germany, Austria, Switzerland and Slovenia. Trechman also led operations at Danone across Europe, the UK, and southern Africa, including Scandinavia and the Baltic states, as well as serving as managing director of Danone Portugal and as a member of the executive committee for Spain and Portugal. Before joining Danone, he had held roles in finance, sales and marketing at Procter & Gamble and L'Oréal UK. Commenting on his appointment, he said, "I am very much looking forward to working with its teams in the Nordic countries, [...] Benelux, Spain and Portugal. "This region boasts an exceptionally strong brand portfolio, featuring iconic brands such as Oreo, Côte d'Or, LU, Marabou, Freia and Fontaneda. "Together, we want to continue building on sustainable growth and create even more value for consumers and customers."

Hall of Fame inductee: John Dmochowsky. The longtime Mondelēz International fleet executive joins the Automotive Fleet Hall of Fame. October 2, 2026 2 min to read John Dmochowsky, retired senior global fleet manager for Mondelēz International, has been inducted into the Automotive Fleet Hall of Fame. Dmochowsky spent 19 years in fleet management during an almost four-decade career with Kraft and Mondelēz International, building a reputation for global fleet leadership and cost management. From food sales to Global Fleet. Dmochowsky began his career with Kraft, spending 17 years in food sales before transitioning into fleet management. Following the separation of Mondelēz International from Kraft, Dmochowsky became Mondelēz International's first fleet manager. He went on to manage a multinational fleet of approximately 10,100 vehicles and helped build the company's global fleet organization. Under Dmochowsky's leadership, his team worked to harmonize fleet policy and change the company's global vehicle-selection process. Those efforts contributed to a 21% reduction in global fleet spend from 2015 to 2016, followed by a further 7% reduction in total cost of ownership between 2016 and 2019. "To me, the word 'fleet' represents unlimited opportunity: the chance to thrive in an environment centered on collaboration, education, and relationship building," said Dmochowsky. "Recognizing this has reminded me just how blessed I am to be part of the fleet ecosystem. I could not have earned this award without the incredible team I get to work alongside every day." Recognized fleet leadership. Dmochowsky's work earned recognition both in the United States and internationally. Ad Loading... At the 2019 Fleet Europe Summit, Dmochowsky received the European Safety Fleet Manager of the Year Award and was runner-up for Global Fleet Manager of the Year. He became the first American fleet manager to receive an award at the event. Dmochowsky also shared his experience with fleet professionals internationally, speaking at Global Fleet conferences in Brussels, Rome, Miami, and São Paulo. Giving back to the fleet community. Beyond his corporate fleet accomplishments, Dmochowsky's nominators highlighted his willingness to share his knowledge with other fleet professionals. His involvement has continued through mentoring and participation in industry events, allowing him to share lessons learned from managing a large, complex global fleet.