Mondelēz Names Valle EVP & President, North America

Gustavo Valle, 57, Mondelēz International Inc.'s executive vice president, Latin America, has been named executive vice president and president, North America, effective March 1. 

Valle will be responsible for leading the company's $8.3 billion business in the US and Canada, which includes iconic brands like 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 United States 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 US 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 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."