Decisions of the Nestlé Board of Directors: Creation of a new Executive Board function and redefinition of Zones Europe and AOA
(Thomson Reuters ONE) -
Nestlé S.A. /
Decisions of the Nestlé Board of Directors: Creation of a new Executive Board
function and redefinition of Zones Europe and AOA
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Vevey, 26 September 2014 - Over recent years, Nestlé has consistently
strengthened its nutrition, health and wellness strategy and expanded its
boundaries with the creation of Nestlé Health Science and Nestlé Skin Health. At
the same time, the company has continued its drive to take full benefit of its
scale, and to position and organise itself effectively and efficiently for
profitable growth.
Given this context, at its meeting on 26 September 2014, the Nestlé Board of
Directors supported the proposal to create a new Executive Board function,
Nestlé Business Excellence, and to redefine Zone Europe and Zone Asia, Oceania
and Africa (AOA).
Paul Bulcke, Nestlé CEO: "While always privileging a decentralised structure to
stay close to the local consumer and keep agility in execution, we are
increasing our efforts to better leverage our scale. We are looking into how our
company is organised and operates to keep an optimal balance between category
and geographic focus. By taking these steps, we are building our company for
continued growth and performance."
Creation of Nestlé Business Excellence
Nestlé Business Excellence will integrate Nestlé's corporate support functions
GLOBE and Nestlé Business Services as well as its corporate initiative Nestlé
Continuous Excellence.
By bringing these different functions together under one responsibility at
Executive Board level, the company aims to better leverage its scale and skills,
and serve its markets and businesses more effectively and cost efficiently. This
will also allow the Nestlé markets to increase their focus on demand generation.
Chris Johnson, currently Executive Vice President in charge of Zone Americas,
will assume this new responsibility as Executive Vice President, Nestlé Business
Excellence. Chris Johnson is very well placed for this new role thanks to his
former corporate and market experiences, and his deep understanding of the
company.
Laurent Freixe will succeed Chris Johnson as Executive Vice President in charge
of Zone Americas. Over the last six years, Laurent Freixe has successfully led
Zone Europe, which outperformed competition in difficult times.
Redefinition of Zone Europe, and Zone Asia, Oceania and Africa
Strong socio-economic and political developments have dramatically changed the
face of many parts of the world, bringing very diverse growth prospects. As the
Zones need to have the necessary balance between the emerging and developed
market trends, as well as the different socio-economic consumer dynamics, the
Board has decided to integrate the Maghreb, the Middle East, the North East
Africa region, Turkey and Israel into Zone Europe. As a consequence, Zone Europe
will be renamed Zone EMENA (Europe, Middle East and North Africa).
The redefined Zone AOA, under the continued leadership of Nandu Nandkishore,
will get even more attention and focus to further develop Nestlé to its full
potential in this complex but fast growing part of the world.
Luis Cantarell will take on the responsibility for the new Zone EMENA, a role
for which he is ideally positioned considering his past experiences. Luis
Cantarell will remain on the Board of Nestlé Health Science which, as President
and CEO, he started and set up. Greg Behar will become CEO of Nestlé Health
Science and report directly to the Nestlé Health Science Board. Greg Behar, a
Swiss national, joined Nestlé in July 2014 from Boehringer Ingelheim where he
was President and CEO of Boehringer Ingelheim Pharmaceuticals Inc.
Luis Cantarell will hand over his other responsibility for Nestlé Nutrition to
Heiko Schipper, currently Global Business Head of Infant Nutrition, who will be
appointed, effective 1 October 2014, Deputy Executive Vice President in charge
of Nestlé Nutrition and member of the Executive Board. A Dutch national, Heiko
Schipper started with Nestlé in 1996 in Bangladesh. Thereafter, he took on
increasing responsibilities in Indonesia, Switzerland, the Philippines and
China. In August 2013, Heiko Schipper was promoted to Global Business Head,
Infant Nutrition.
These decisions have been taken effective 1 October 2014, and the new structure
will be fully operational by 1 January 2015.
Contacts
Media: Robin Tickle Tel.: +41 21 924 22 00
Investors: Tel.: +41 21 924 35 09
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Nestlé S.A. via GlobeNewswire
[HUG#1858846]
Unternehmensinformation / Kurzprofil:
Datum: 26.09.2014 - 19:00 Uhr
Sprache: Deutsch
News-ID 342016
Anzahl Zeichen: 5716
contact information:
Town:
Vevey
Kategorie:
Business News
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