Mondelēz International has announced that Roberto Marques, executive vice president and president, North America, will leave the company. Tim Cofer, chief growth officer, will serve as interim president of the North American business, in addition to his current role spearheading the company’s global growth strategy while Mondelēz International recruits a permanent successor to lead the region.
“Over the past two years under 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 e-commerce—as well as entering the U.S. chocolate market,” said Irene Rosenfeld, chairman and CEO.
In his 25 years with the company, Cofer has led the company’s regions in Europe, Asia Pacific and Eastern Europe, Middle East, and Africa, progressing the margin agenda, expanding market shares, and driving long-term profitable growth. Cofer previously led two legacy Kraft North American businesses—Oscar Mayer and Kraft Pizza.
Marques will work with Cofer over the next few weeks to ensure a smooth transition.