Mondelez International’s developing markets president and executive VP Sanjay Khosla will retire next spring to pursue his passions for teaching, writing and board work, although he will continue to do consultancy work for the firm until the end of 2013.
"With the spin-off completed and our new company successfully launched, we've agreed that now is the right time," said Mondelez International CEO Irene Rosenfeld.
Since joining the company in 2007, Khosla and his team have doubled the size of the business through organic growth and more than tripled it after acquisitions, while also significantly improving profitability, she added.
With more than $16bn in revenue, developing markets accounted for about 44% of Mondelez International's 2011 net revenue.
News of his departure came as Rosenfeld announced a re-organization at the company, which from January 1, 2013, will have five operating units: Europe; North America; Latin America; Asia Pacific; and Eastern Europe, Middle East & Africa (EEMEA).
The following operating unit leaders will report to Rosenfeld:
Tim Cofer will continue to lead the company's European business, which will now include Central European countries.
Pradeep Pant, who led the turnaround of the company's business in Asia Pacific, will continue to lead that region. He will also oversee the newly formed EEMEA region.
Lawrence MacDougall, who currently leads the company's business in the Middle East and Africa, will lead the expanded EEMEA region reporting to Pant.
Mark Clouse will continue to lead the company's North American business.
Gustavo Abelenda will continue to lead the company's Latin American business.
Rosenfeld also announced that Trevor Bond, chief customer officer in charge of global sales, will take on leadership for the Gum & Candy global category team as president, chief customer officer and global gum and candy category leader.
Jim Cali, who has led the company's gum & candy category since 2008, will become SVP snacking strategy and innovation.
Bond and Cali will report to Mary Beth West, EVP and chief category and marketing officer. West will continue to report to Rosenfeld.