New Chief For Mondelez International’s European Region
Hubert Weber, president Coffee, Europe at Mondelez International, will become the new head of the global snacking group’s European region later this year. He will succeed Timothy Cofer as executive vice president and president, Europe. Timothy Cofer will replace Pradeep Pant, who is retiring later this year, as executive vice president and president, Asia Pacific and Eastern Europe, Middle East & Africa (EEMEA).
Pradeep Pant has led the turnaround and dynamic growth of the group’s business in Asia Pacific since 2008. During his tenure, Pradeep Pant and his team more than doubled revenue in Asia Pacific through organic growth, while also integrating two large businesses and significantly improving profitability.
Hubert Weber.
Timothy Cofer has led the company’s business inEurope, a complex $14 billion region that spans 33 countries, since 2011. With the benefit of his operating discipline, people development skills and global experience, the European business has outperformed peers, delivering 14 consecutive quarters of growth while also significantly improving margins, despite the region’s worst recession in decades.
Timothy Cofer will begin his new role in mid-September. He will relocate from Zurich to Singapore in the near future, working with Pradeep Pant to ensure a smooth transition over the next few months.
With more than 25 years with the company, Hubert 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 $3 billion European coffee category from a declining roast-and-ground business to a portfolio that is now centered on value-added on-demand products, such as Tassimo and Millicano, which have delivered annual growth of more than 25% since 2010.
Timothy Cofer.
Prior to his current role, Hubert Weber was president, Germany, Austria and Switzerland (2008-2010), which he transformed from a slow-growth, low-margin operation to one with superior growth and profitability. As president, Iberia (2007-2008), he made tough business decisions to restructure operations, including four divestitures and the integration of two acquisitions, while delivering solid growth. Hubert Weber earned his MBA and bachelor’s degree in business administration from the University of Stuttgart—Hohenheim (Germany).
Hubert Weber will be based in Zurich and transition into his new role in mid-September.
Mondelez International had revenue of $35 billion in 2012 and is a world leader in chocolate, biscuits, gum, candy, coffee and powdered beverages, with billion-dollar brands such as Cadbury, Cadbury Dairy Milk and Milka chocolate, Jacobs coffee, LU, Nabisco and Oreo biscuits, Tang powdered beverages and Trident gum.
