Home Business News Nestle revamps geographic structure, makes new board appointments By Reuters

Nestle revamps geographic structure, makes new board appointments By Reuters

Nestle revamps geographic structure, makes new board appointments By Reuters


© Reuters. FILE PHOTO: Jars of Nescafe Gold coffee by Nestle are pictured in the supermarket of Nestle headquarters in Vevey, Switzerland, February 13, 2020. REUTERS/Pierre Albouy

ZURICH (Reuters) – Nestle is overhauling its geographic structure, the world’s largest food company said on Wednesday, creating new zones for North America and for Greater China.

The maker of Nescafe instant coffee and KitKat chocolate bars also said it was changing its executive board to align with the new structure, which takes effect from Jan. 1 2022.

Company veteran Chris Johnson, the current head of Nestle’s Asia, Oceania and sub-Saharan Africa zone, will retire from the Swiss company’s executive board and be replaced by Remy Ejel, current head of Nestle’s Middle East and North Africa business.

Steve Presley, current Chairman and CEO Nestlé USA, will join the Executive Board as CEO Zone North America. David Zhang, current CEO of Totole, Nestle’s food seasoning business, and Business Executive Officer for Food in Greater China, will also join the executive board as the head of the Greater China business, Nestle said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

See also  Bangladesh signs U.N. deal to help Rohingya refugees on island By Reuters

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Please enter your comment!
Please enter your name here