Nestlé announces changes to its organization and its Executive Board

(Ad hoc announcement under Art. 53 LR)

This press release is also available in French (pdf) and German (pdf)

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Nestlé announces changes to its organization and its Executive Board

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

The Latin America Zone (LATAM) and the North America Zone (NA) will merge to form Americas Zone (AMS)which will be led by Steve Presley. He will move to Nestlé’s headquarters in Vevey, Switzerland.
The Greater China Zone (GCR) will become part of the Asia, Oceania and Africa (AOA) Zoneunder the leadership of Remy Ejel. David Zhang will step down from the Executive Board and remain President and CEO of the Greater China Region.
Europe Zone (EUR) will continue to be led by Guillaume Le Cunff and remains unchanged.

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

Bernard Meunier has decided to leave 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 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 will now report directly to Nestlé’s CEO. Philipp Navratil is known for his ability to inspire and motivate people. He has extensive global experience in various roles and a deep understanding of Nestlé.
Nestlé Health Sciences will continue to be led by Anna Mohl.

From 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 Latin America within the AMS Zone and for Greater China within the AOA Zone.

Other changes concern other areas of responsibility:

Béatrice Guillaume-Grabisch, Head of Human Resources and Business Servicesdecided to resign and seek new professional opportunities. Your area will be divided into different functions to reinforce the importance of each of them.
Anna Lenz, currently Country Manager at 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 exceptional results.

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

Hans-Ulrich Mayer will remain responsible for Business Services and reporting to CFO Anna Manz.
Antonia Wanner, who leads the Sustainability Unitwill report directly to Nestlé’s CEO, without holding a position on the Executive Board.

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

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

Biography of Anna Lenz (pdf, 119Kb)
Biography Philipp Navratil (pdf, 228Kb)
Executive Board Chart (pdf, 140Kb)

Contacts:

Media:
Christoph Meier Tel.: +41 21 924 2200
[email protected]

Investors:
David Hancock Tel.: +41 21 924 3509
[email protected]