REG - Nestle SA Nestle Holdings Inc - Nestlé announces changes to its organization

Nestle SAAnnouncement

17/10/2024 07:00

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RNS Number : 5751I  Nestle SA  17 October 2024

Nestlé press release

 

 

.......................................

 

 

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

 

Vevey/Switzerland, October 17, 2024

 

Nestlé announces changes to its organization and its Executive Board

 

The Nestlé Board of Directors has approved changes to the company's
organization, effective as of January 1, 2025. As a result, Nestlé is also
announcing changes to its Executive Board.

 

·      Zone Latin America (LATAM) and Zone North America (NA) will merge
to form Zone Americas (AMS), which will be led by Steve Presley. He will
relocate to Nestlé's headquarters in Vevey, Switzerland.

 

·      Zone Greater China Region (GCR) will become part of Zone Asia,
Oceania and Africa (AOA), under the leadership of Remy Ejel. David Zhang will
step down from the Executive Board and will remain Chairman and CEO of the
Greater China Region.

 

·      Zone Europe (EUR) will continue to be led by Guillaume Le Cunff
and remains unchanged.

 

Laurent Freixe, Nestlé CEO, said: "A leaner Executive Board structure and
close collaboration of the leadership team at the headquarters will increase
simplicity, speed up decision-making and strengthen the momentum behind global
initiatives. We will continue to build on the strengths of our Market Heads to
ensure consistent in-market execution across the Group."

 

·      Bernard Meunier has decided to step down from the Executive Board
on March 31, 2025, and will lead strategic projects for the Group. David
Rennie, currently Head of Nestlé Coffee Brands will succeed Bernard Meunier
as the Head of Strategic Business Units (SBUs) and Marketing and Sales.
Nestlé Coffee Brands, with the exception of Nespresso, will be integrated
into the SBU organization.

 

·      Nespresso is led by Philipp Navratil. He will join the Executive
Board and now report directly to the Nestlé CEO. Philipp Navratil is known
for his ability to inspire and motivate people. He has extensive global
experience across various roles and a profound understanding of Nestlé.

 

·      Nestlé Health Science will continue to be led by Anna Mohl.

 

Starting in 2025, Nestlé's reporting will comprise five segments: Zone AMS,
Zone AOA, Zone EUR, Nestlé Health Science and Nespresso. The company will
also continue to voluntarily report sales performance each quarter for North
America and for Latin America within Zone AMS and for Greater China within
Zone AOA.

 

Further changes relate to other areas of responsibility:

 

·      Béatrice Guillaume-Grabisch, Head of Human Resources and
Business Services, has decided to step down and to pursue new professional
opportunities. Her area will be split into its different functions to underpin
the importance of each of them.

Anna Lenz, currently Country Manager of Nestlé Portugal, will lead Human
Resources. She will join the Executive Board. Anna Lenz's inclusive leadership
style cultivates collaboration and empowers her team to achieve outstanding
results.

Chris Wright, Chief Information Officer, responsible for all information
technology and digitalization, will now report to the Nestlé CEO without
holding a position on the Executive Board.

Hans-Ulrich Mayer will remain in charge of Business Services and report to CFO
Anna Manz.

·      Antonia Wanner, who leads the Sustainability Unit, will now
report directly to the Nestlé CEO without holding a position on the Executive
Board.

 

Laurent Freixe added, "With these organizational changes, all the leaders of
key units driving our performance and our transformation will now report
directly to me. This is crucial, as we sharpen our focus on consumers and
customers and restore investment in our brands and in innovation to expand
market share and accelerate our performance. Going forward, we are also
placing a greater emphasis on Nestlé's digital transformation into a
real-time, end-to-end connected, data- and AI-powered organization. I am
confident these changes will optimally position Nestlé for future success.

 

"On behalf of our entire team, I extend my sincere gratitude to all colleagues
for their outstanding work, dedication and commitment. I want to express my
heartfelt thanks to Béatrice for her long-standing service to our company and
her great achievements. We wish her all the best. Meanwhile, we welcome Anna
and Philipp to the Executive Board and look forward to working with them."

 

Anna Lenz Biography:
https://www.nestle.com/sites/default/files/2024-10/anna-lenz-biography.pdf

Philipp Navratil Biography:
https://www.nestle.com/sites/default/files/2024-10/philipp-navratil-biography.pdf

Executive Board Chart:
https://www.nestle.com/sites/default/files/2024-10/executive-board-chart-2024.pdf

 

Contacts

 

Media

 

Christoph Meier

Tel.: +41 21 924 2200

mediarelations@nestle.com

 

Investors

 

David Hancock

Tel.: +41 21 924 3509

ir@nestle.com

 

 

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