REG - Nestle SA Nestle Holdings Inc - Board of Directors new independent member proposal

Nestle SAAnnouncement

22/02/2024 07:30

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RNS Number : 0748E  Nestle SA  22 February 2024

[Ad hoc announcement pursuant to art. 53 SIX Listing Rules]

 

Nestlé Press Release

 

Vevey/Switzerland, February 22, 2024

 

 

Nestlé proposes Geraldine Matchett as new independent member of its Board of
Directors

 

 

Nestlé announced today that it proposes Geraldine Matchett, previously the
Co-Chief Executive Officer and CFO at DSM-Firmenich AG, a nutrition, health
and beauty company, for election to its Board of Directors. The election will
take place at the company's Annual General Meeting (AGM) on April 18, 2024.

 

After 12 years of dedicated service to the company, Henri de Castries will not
stand for re-election to the Board of Directors. In addition, Kimberly A.
Ross, who has served on the board for the last six years, decided not to stand
for re-election for personal reasons. All other members of the Board and the
Chairman will be proposed for individual re-election.

 

"On behalf of the entire Board, I would like to express my sincere gratitude
to Henri de Castries and Kimberly A. Ross for their outstanding service and
important contributions," said Paul Bulcke, Chairman of the Nestlé Board of
Directors. "Henri de Castries has served as our Lead Independent Director for
the last seven years and as Vice Chairman for the last six, playing a key role
in our governance. We are grateful to him for his contributions to our Board's
strong professional experience and diverse background. Both he and Kimberly A.
Ross have shown great dedication to Nestlé. At the same time, we are pleased
to propose Geraldine Matchett as new Board member. Her extensive experience as
a CEO and long-time CFO will contribute significantly to the Board's
strategic, operational and financial expertise."

 

With the proposed nominee, the Nestlé Board will comprise 14 members, of whom
12 are independent directors. Nestlé strives to continuously add diverse
skillsets and knowledge to its Board.

 

Geraldine Matchett, a Swiss, British and French citizen, has relevant industry
experience as well as a strong track record in general corporate management,
strategy and finance, having served as Co-Chief Executive Officer and CFO at
DSM-Firmenich AG (formerly Royal DSM N.V.) until September 2023. Prior to DSM,
she was Global Chief Financial Officer and member of the Operations Council of
the SGS Group in Switzerland. She has held financial auditor roles at Deloitte
and at KPMG and is a Certified Chartered Accountant in the UK.

 

 

Contacts

 

Media

 

Christoph Meier

Tel.: +41 21 924 2200

mediarelations@nestle.com (mailto:mediarelations@nestle.com)

 

Investors

 

Luca Borlini

Tel.: +41 21 924 3509

ir@nestle.com (mailto:ir@nestle.com)

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