Retirement of Chief Financial Officer Jim Singh - Appointment of Wan Ling Martello
(Thomson Reuters ONE) -
Nestlé S.A. /
Retirement of Chief Financial Officer Jim Singh - Appointment of Wan Ling
Martello
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The issuer is solely responsible for the content of this announcement.
Vevey, 27 September 2011 - Jim Singh, Executive Vice President and Chief
Financial Officer of Nestlé S.A., will retire on 31 March 2012 after a long and
distinguished career of 35 years with Nestlé. The Board of Directors of Nestlé
S.A. appointed Wan Ling Martello, currently Executive Vice President of Global
e-Commerce, Emerging Markets Walmart, to succeed Jim Singh as Executive Vice
President and Chief Financial Officer of Nestlé, effective 1 April 2012.
Ms. Martello, U.S. citizen of Chinese and Philippine origin, is a Certified
Public Accountant with a MBA from the University of Minnesota and a Bachelor of
Science in Business Administration and Accountancy from the University of the
Philippines. She has vast knowledge of the finance and control area and solid
experience in the food and beverage business as well as the retail segment. She
formerly worked with Kraft Foods (1985-1995) in finance and business
administration as well as with Borden Foods Corporation (1995-1998) as Corporate
Controller. From 1998-2005 she was with NCH Marketing Services Inc., a former
subsidiary of Nielsen, as Chief Financial Officer, Chief Operating Officer and
then President USA. From 2005-2011, Ms. Martello gained in-depth knowledge of
the retail and e-commerce business at Walmart where she was Senior Vice
President, Chief Finance Officer & Strategy, Walmart International and then
Executive Vice President, Chief Operating Officer, Global eCommerce, Emerging
Markets. Besides her financial background, Wan Ling also has extensive insight
of the consumer and branded goods category and is perfectly prepared to assume
this crucial role in our Group.
Paul Bulcke, CEO of Nestlé, said: "Jim Singh has strong human qualities and is a
highly respected professional. Since I became CEO I have been able to appreciate
the full extent to which Jim has been instrumental in steering Nestlé through
these last challenging years. I am confident that Wan Ling will blend well into
the Nestlé culture and that her strong experience in finance and the food and
beverage business, both from the industry and retail angle, will allow her to
further enhance the Nestlé model combining top-line growth with continuous
margin improvement and an improved return on invested capital."
Contacts
Media: Robin Tickle Tel.: +41 21 924 22 00
Investors: Roddy Child-Villiers Tel.: +41 21 924 36 22
--- End of Message ---
Nestlé S.A.
Avenue Nestlé 55 Vevey
WKN: 887208;ISIN: CH0038863350;
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Source: Nestlé S.A. via Thomson Reuters ONE
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Unternehmensinformation / Kurzprofil:
Datum: 27.09.2011 - 19:00 Uhr
Sprache: Deutsch
News-ID 69703
Anzahl Zeichen: 3624
contact information:
Town:
Vevey
Kategorie:
Business News
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