REG - Nestle SA Nestle Holdings Inc - Changes in the Executive Board of Nestlé S.A.

Nestle SAAnnouncement

18/04/2024 18:15

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RNS Number : 2372L  Nestle SA  18 April 2024

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

 

Nestlé Press Release

 

Vevey/Switzerland, April 18, 2024

 

Nestlé announces retirement of Marco Settembri, appointment of Guillaume Le
Cunff as CEO Zone Europe

 

Marco Settembri, Executive Vice President and Chief Executive Officer Zone
Europe, will take a well-deserved retirement after a distinguished career of
over 36 years at Nestlé. He will step down from the Group Executive Board on
June 30, 2024. Since joining Nestlé Italy in 1987, Marco Settembri has held
multiple management positions across various businesses. Under his leadership,
Purina PetCare emerged as one of Nestlé's largest and most profitable
businesses in Europe. In 2017, he was appointed Head of Zone EMENA (Europe,
Middle East and North Africa). Following the sharpening of Nestlé's
geographical focus and the creation of new Zones in 2022, Marco Settembri
became Head of Zone Europe.

 

Guillaume Le Cunff, currently CEO of Nespresso, will become CEO Zone Europe
and a member of the Group Executive Board, effective July 1, 2024. He joined
Nestlé in 1998, initially leading Internal Audit and Finance functions,
before moving to Nespresso in 2007. He was appointed President of Nespresso
USA in 2015. While there, he led the successful launch of Vertuo and helped
establish Nespresso as the go-to brand for coffee connoisseurs in the U.S. In
2020, Guillaume Le Cunff became global CEO of Nespresso, where he drove
geographic expansion and organic growth. He introduced pioneering initiatives,
such as Reviving Origins, a program aimed at supporting coffee regions that
have endured conflicts or natural disasters, and he was instrumental in the
development of home-compostable capsules.

 

Mark Schneider, CEO, commented, "On behalf of our Board of Directors and our
Executive Board, I would like to extend our heartfelt thanks to Marco for his
many years of outstanding service to Nestlé. We wish him great success and
fulfillment in this new phase of his life. At the same time, we are delighted
to announce that Guillaume is taking over as the new CEO of Zone Europe.
Guillaume is an inspiring and seasoned business leader with extensive
experience in brand building, innovation, e-commerce and sustainability. He is
the ideal leader to take Zone Europe to the next level. We wish Guillaume
every success in his new role."

 

 

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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