Mondelēz International Names Gustavo Valle as EVP & President, North America

Rhea-AI Summary

Mondelēz International (Nasdaq: MDLZ) has appointed Gustavo Valle as Executive Vice President and President of North America, effective March 1, 2022. Valle, with over 30 years of experience, previously led the Latin America division, driving significant growth. He will manage the $8.3 billion North American business, which includes major brands like Oreo and Triscuit. Valle succeeds Glen Walter, who departs for another opportunity. Valle's track record includes substantial share gains and revenue growth in the dairy sector during his tenure at Danone.

Positive

• Gustavo Valle has over 30 years of experience in consumer packaged goods.
• Valle successfully led significant growth in Latin America, enhancing the company's share.
• He previously managed a $3 billion dairy category at Danone, achieving double-digit growth.

Negative

• None.

• With 30+ years of experience, Valle takes role after leading the company’s Latin America business

CHICAGO, Feb. 03, 2022 (GLOBE NEWSWIRE) -- Mondelēz International (Nasdaq: MDLZ) today announced that Gustavo Valle, 57, the company’s Executive Vice President, Latin America, has been named Executive Vice President and President, North America, effective March 1. In his new role, Valle will be responsible for leading the company’s $8.3 billion business in the United States and Canada, which includes iconic brands such as Oreo and belVita biscuits; Triscuit and Ritz crackers; Trident gum and Sour Patch Kids candy.

“With more than three decades of experience in consumer packaged goods and a strong track record of success growing brands and categories in the U.S. and beyond, Gustavo is an ideal leader to set our North America business on the path for future success,” said Chairman and CEO Dirk Van de Put. “I’ve worked very closely with Gustavo for many years and have seen his passion for consumers and operational excellence first-hand.”

Since January 2020, Valle has successfully led the significant growth in the company’s Latin America business, in addition to driving overall share gains across the region. He joined the company from Danone, where he successfully grew the $3 billion Dairy category by double digits in both the U.S. and Canada while expanding profit margins. He was then promoted to lead the European business and eventually the global category as Executive Vice President, Dairy Division Worldwide, accountable for more than $12 billion USD in annual revenue. Valle replaces Glen Walter, who will leave the company to pursue another opportunity.

“I am very thankful for Glen’s leadership as he was a passionate champion of important strategic and cultural change within our business, setting bold priorities and transforming our business and brands’ footprint,” said Van de Put. “We appreciate his many contributions, particularly leading through the pandemic, and setting up Gustavo and the North America leadership team for further success. We wish him all the best.”

About Mondelēz International
Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2021 net revenues of approximately $29 billion, MDLZ is leading the future of snacking with iconic global and local brands such as OREO, belVita and LU biscuits; Cadbury Dairy Milk, Milka and Toblerone chocolate; Sour Patch Kids candy and Trident gum. Mondelēz International is a proud member of the Standard and Poor’s 500, Nasdaq 100 and Dow Jones Sustainability Index. Visit www.mondelezinternational.com or follow the company on Twitter at www.twitter.com/MDLZ.

Contact:	Tracey Noe (Media)
	+1-847-943-5678
	news@mdlz.com

FAQ

Who is the new Executive Vice President and President of North America for MDLZ?

Gustavo Valle has been appointed as the new Executive Vice President and President of North America for Mondelēz International (MDLZ).

What will Gustavo Valle's new role at MDLZ entail?

Gustavo Valle will manage Mondelēz's $8.3 billion business in the United States and Canada, overseeing iconic brands like Oreo and Triscuit.

When will Gustavo Valle officially take on his new role at MDLZ?

Gustavo Valle will officially become Executive Vice President and President of North America on March 1, 2022.

What was Glen Walter's role at MDLZ before his departure?

Glen Walter served as the Executive Vice President and President of North America before leaving to pursue another opportunity.