Nestlé can pre-empt Dan Loeb with refreshed board

St Dupont SA

03/10/2017 08:40

(The author is a Reuters Breakingviews columnist.  The opinions 
expressed are her own.) 
    By Carol Ryan 
    LONDON, Oct 3 (Reuters Breakingviews) - The Kit Kat maker's 
directors are light on consumer and digital expertise. Half of 
them are Swiss, a market worth just 2 percent of sales. Nestlé's 
latest revamp plans are far from radical, and the activist may 
next seek boardroom changes. The company could beat him to it.  
         
    Full view will be published shortly. 
    On Twitter https://twitter.com/Breakingviews 
     
    CONTEXT NEWSbr 
    - Swiss food group Nestlé held its annual investor seminar 
in London on Sept. 26. Mark Schneider, the group's first 
externally hired chief executive in decades, outlined his 
strategy for the business. 
    - Activist hedge fund Third Point said in June that it had 
taken a $3.5 billion stake in Nestlé. The fund retained Jan 
Bennink, a packaged-goods expert, to advise on the investment.  
    - For previous columns by the author, Reuters customers can 
click on  RYAN/  
    - SIGN UP FOR BREAKINGVIEWS EMAIL ALERTS http://bit.ly/BVsubscribe 
 
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Nestle targets profit margin to satisfy investor hunger    
 urn:newsml:reuters.com:*:nL8N1M70FX 
Third Point's Loeb compliments Nestle on investor seminar    
 urn:newsml:reuters.com:*:nL9N1D400W 
BREAKINGVIEWS-Nestlé turnaround plan is bravely boring    
 urn:newsml:reuters.com:*:nL8N1M71CI 
BREAKINGVIEWS-Nestlé's L'Oréal stake is ready for a makeover    
 urn:newsml:reuters.com:*:nL5N1M24BY 
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 (Editing by Richards Beales and Bob Cervi) 
 ((carol.ryan@thomsonreuters.com; Reuters Messaging: 
carol.ryan.thomsonreuters.com@reuters.net)) 
 
Keywords: NESTLE INVESTORS/BREAKINGVIEWS