SWITZ: Nestle readies CEO switch at Minerales Henniez
Nestlé has lined up a change of leadership for its Sources Minerales Henniez unit.
The food and drinks giant, which bought the Swiss mineral water company last year, said today (7 February) that Michael Beneventi will become CEO of Henniez from 1 April. Beneventi will be joined by David Karlik, who will become the subidiary's financial director.
Beneventi will be replacing Nicolas Rouge in the position. Rouge will become board chairman.
"This change in company management is in line with accomplishing the ongoing integration phase of Sources Minerales Henniez," Nestle said.
Henniez became Nestle's first water source in its domestic market, when the company bought a 61.66% stake from the Henniez family in September last year. Nestle followed the purchase, for CHF155m (US$141.6m), with an offer for the remaining shares it did not already own in October.
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