Sector News

Marques to leave Mondelez as EVP Cofer steps up

April 19, 2017
Food & Drink

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.

Source: Food Ingredients First

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