Marques to Leave Mondelez as EVP Cofer Steps Up

d5742523-e349-4c3f-a1cd-5edcef42db28articleimage.jpg

19 Apr 2017 --- Mondelez International is shaking up its leadership with the announcement that executive vice president of North America Roberto Marques is leaving his role and Tim Cofer will step in as interim president adding to his current role spearheading the company’s global growth strategy.

Mondelez International says it will recruit a permanent successor to lead the region.

"Over the past two years under Roberto Marques' leadership, the North American team has been executing a large transformation, which has resulted in significant progress on our margin agenda, while stepping up our participation in growth areas such as Well-being, broader channel penetration, especially in eCommerce, as well as entering the U.S. Chocolate market," said Irene Rosenfeld, Chairman and CEO. "We appreciate Roberto's many contributions and wish him well in his future endeavors."

Cofer has been with the company for 25 years, leading regions in Europe, Asia Pacific and Eastern Europe, Middle East and Africa, expanding market shares and driving long-term growth, having previously led two Kraft North American businesses, Oscar Mayer and Kraft Pizza Company.

"Tim Cofer is our most experienced commercial leader with deep region leadership experience across both developed and emerging markets. We have considerable competitive advantages in North America, including our strong margin profile, iconic brands, solid innovation pipeline and strong Direct-Store-Delivery muscle," said Rosenfeld. 

"We are very fortunate to have an experienced leader like Tim to take on the additional responsibility of leading North America, while also continuing to architect our global growth agenda."

"While mobilizing our enterprise growth agenda remains a top priority for both me and the company, I'm looking forward to leading the North America business on an interim basis and working with the team to capitalize on the potential of our business in the U.S. and Canada," added Cofer.

Marques will work with Cofer over the next few weeks during a transition period. 

Meanwhile, executives of Mondelez International recently provided an update on the company's strategic plans during a presentation at the Consumer Analysts Group of New York conference. The detailed plan to expand margins and accelerate revenue growth includes contemporizing the company's core business, innovating to expand into new consumer need states and geographies, and ensuring that our brands are available whenever and wherever people shop. 

The company will release its first quarter financial results in early May.

Related Articles

Food Ingredients News

Chickpea flour: Nutriati and PLT partner on North America launch

13 Feb 2018 --- Nutriati, Inc. and exclusive commercialization partner PLT Health Solutions, Inc. are introducing a premium quality chickpea flour solution to the North American food market. Called Artesa Chickpea Flour, the new ingredient addresses a number of issues that have prevented other nutritionally desirable pulse/legume flours from gaining widespread adoption – including taste, sensory characteristics and formulating functionality. 

Regulatory News

EU approves EDA guidance for “cheese as raw material”

06 Feb 2018 --- The European Union has approved European Dairy Association (EDA) guidance for “cheese as raw material” and the organization for the processed cheese sector, Assifonte’s “Good Manufacturing Practice Guidelines for Processed Cheese” – a major for food safety, consumer protection and product quality across the Union.

Food Ingredients News

Nestlé makes climate change A-list

30 Jan 2018 --- Nestlé has been recognized for engaging its suppliers to tackle climate, water and forest-related risks in its supply chain and has been acclaimed as a “world leader” in tackling climate change in its supply chain.

Food Ingredients News

Dr Pepper and Keurig merger expected to create disruptive beverage giant

29 Jan 2018 --- Dr Pepper Snapple Group, Inc and Keurig Green Mountain, Inc have entered into a definitive merger agreement to create Keurig Dr Pepper (KDP), a new large-scale beverage company with a portfolio of iconic consumer brands and unrivaled distribution capability to reach virtually every point-of-sale in North America.

Food Ingredients News

Chr. Hansen appoints Christoffer Lorenzen as member of the Executive Board

29 Jan 2018 --- Chr. Hansen has announced the appointment Christoffer Lorenzen as a member of the Executive Board. Lorenzen is Executive Vice President (EVP) of Chr. Hansen’s largest business unit, Food Cultures & Enzymes.

More Articles