Mondelez International announces region leadership changes

Mondelez International announced today that Pradeep Pant, 59, Executive Vice President and President, Asia Pacific and Eastern Europe, Middle East & Africa (EEMEA), will retire at year-end. Timothy P. Cofer, 44, who currently serves as EVP and President, Europe, will replace Pant. Hubert Weber, 51, President Coffee, Europe, and leader of the company's Global Coffee Category Team, will succeed Cofer.

"Pradeep has led the turnaround and dynamic growth of the company's business in Asia Pacific since 2008," said Chairman and CEO Irene Rosenfeld. "During his tenure, Pradeep and his team more than doubled revenue in Asia Pacific through organic growth, while also integrating two large businesses and significantly improving profitability. We sincerely thank Pradeep for his contributions to the business and wish him well in retirement." Rosenfeld continued, "Fortunately, we have a strong bench, and Tim and Hubert are experienced and highly successful leaders. I'm confident they will quickly transition into their new roles and take these businesses to the next level."

For more than 20 years, Cofer has successfully delivered strong business results across all of the company's categories. Since 2011, he has led the company's business in Europe, a complex USD 14 bn region that spans 33 countries. With more than 25 years with the company, Weber brings a deep knowledge of the European business from both a country and category point of view. Since 2010, he has overseen the shift of the company's USD 3 bn European coffee category from a declining roast-and-ground business to a portfolio that's now centered on value-added on-demand products, such as Tassimo and Millicano, which have delivered annual growth of more than 25 percent since 2010. Weber will be based in Zurich and transition into his new role in mid-September. He will report to Rosenfeld and become a member of the Mondelez Leadership Team.

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