Mondelez: Announces Region Leadership Changes

Deerfield / IL. (mdlz) Mondelez International Inc., the world´s pre-eminent maker of chocolate, biscuits, gum and candy, announced 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 am confident they will quickly transition into their new roles and take these businesses to the next level».