DEERFIELD, ILL. — Roberto Marques, president of Mondelez International’s North America business, is leaving the company. Tim Cofer, chief growth officer, will serve as interim president of North America business until a replacement for Mr. Marques may be found.
Mr. Marques will work with Mr. Cofer during the next few weeks to ensure a smooth transition, according to the company.
“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 e-commerce, as well as entering the U.S. chocolate market,” said Irene Rosenfeld, chairman and chief executive officer of the company. “We appreciate Roberto’s many contributions and wish him well in his future endeavors.”
The North America business unit is Mondelez’s second largest behind Europe and generated $6,960,000,000 in sales during fiscal 2016, ended Dec. 31, 2016.“Tim Cofer is our most experienced commercial leader with deep region leadership experience across both developed and emerging markets,” Ms. Rosenfeld said. “We have considerable competitive advantages in North America, including our strong margin profile, iconic brands, solid innovation pipeline and strong direct-store delivery muscle. 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.”