News

SWITZ: Nestle names new CEO

Most popular

Heineken faces China distribution gap - comment

How US wholesalers view the next six months

Biden win focuses drinks on climate change

Why Aperol's crown is worth fighting over

Heineken faces tough battle in China - analysis

MORE

Nestlé said today (20 September) it wants to appoint the head of its Americas business as CEO.

The board of the Swiss food giant has nominated Paul Bulcke to replace Peter Brabeck-Letmathe as chief executive.

Under the plans, Bulcke will take the job on 10 April next year, while Brabeck-Letmathe will continue as a non-executive chairman. Bulcke's successor will be unveiled on 18 October.

Brabeck-Letmathe said the Nestlé board had chosen "a strong and pragmatic business leader" to replace him. "Paul Bulcke has a proven performance record both in developing as well as in industrialized markets in Latin America and in Europe."

There had been wide speculation that Nestlé CFO Paul Polman would take the CEO job but the company opted to choose an executive who contributed to turning the Americas into its most profitable market.


Sectors: Soft drinks, Water

Related Content

Heineken UK's David Forde named next C&C Group CEO

Heineken UK's David Forde named next C&C Group CEO...

Hard seltzers

Hard seltzers "here to stay" - incoming Molson Coors CEO...

"There might be deals to be made" - New York craft brewers warn of coronavirus impact...

Rob Sands latest drinks CEO to stand down - What just-drinks thinks

Rob Sands latest drinks CEO to stand down - What just-drinks thinks...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?