Mondelēz International has shifted the head of its Latin American operations into the helm for North America, replacing an executive who is leaving to head Tropicana.
Gustavo Valle, 57, will begin duties March 1 as Mondelēz’s president for North America. He has been leading the Latin American business since January 2020. Before joining Mondelēz, Valle had worked at Danone, where he reached the position of executive VP for the dairy division worldwide.
"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," CEO Dirk Van de Put said in a statement.
Valle replaces Glen Walter, who is leaving to become CEO of Tropicana Brands Group, a recently formed venture between PepsiCo and PAI Partners. Walter had headed Mondelēz North America since 2017.
“I am thrilled to be leading Tropicana Brands Group at this pivotal time working alongside the existing team that has built great momentum for these storied and iconic brands,” Walter said in a statement.