SWITZERLAND | The Nestlé Board of Directors has approved changes to the company’s organisation, effective as of the 1st of January 2025. As a result, Nestlé also announced changes to its Executive Board.
Zone Latin America (LATAM) and Zone North America (NA) will merge to form Zone Americas (AMS), which Steve Presley will lead. He will relocate to Nestlé’s headquarters in Vevey, Switzerland.
Zone Greater China Region (GCR) will become part of Zone Asia, Oceania, and Africa (AOA) under Remy Ejel's leadership.
David Zhang will step down from the Executive Board but remain Chairman and CEO of the Greater China Region.
"A leaner Executive Board structure and close collaboration of the leadership team at the headquarters will increase simplicity, speed up decision-making and strengthen the momentum behind global initiatives. We will continue to build on the strengths of our Market Heads to ensure consistent in-market execution across the Group,” said Zone Europe (EUR), which will continue to be led by Guillaume Le Cunff and remains unchanged.
Laurent Freixe, Nestlé CEO.
Bernard Meunier will step down from the Executive Board on the 31st of March 2025 and lead strategic projects for the Group.
David Rennie, currently Head of Nestlé Coffee Brands, will succeed Bernard Meunier as the Head of Strategic Business Units (SBUs) and Marketing and Sales. Nestlé Coffee Brands, except Nespresso, will be integrated into the SBU organisation.
Nespresso is led by Philipp Navratil. He will join the Executive Board and now report directly to the Nestlé CEO. He was known for his ability to inspire and motivate people. He has extensive global experience across various roles and a profound understanding of Nestlé.
Nestlé Health Science will continue to be led by Anna Mohl.
Starting in 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 report sales performance each quarter for North America voluntarily for Latin America within Zone AMS and Greater China within Zone AOA.
"With these organisational changes, all the leaders of key units driving 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 in our brands and innovation to expand market share and accelerate our performance.”
Further changes related to other areas of responsibility include Béatrice Guillaume-Grabisch, Head of Human Resources and Business Services, who has decided to step down and pursue new professional opportunities.
Anna Lenz, currently the Country Manager of Nestlé Portugal, will lead Human Resources and join the Executive Board. Chris Wright, Chief Information Officer responsible for all information technology and digitalisation, will now report to the Nestlé CEO without holding a position on the Executive Board.
Hans-Ulrich Mayer will remain in charge of Business Services and report to CFO Anna Manz. Antonia Wanner, who leads the Sustainability Unit, will now report directly to the Nestlé CEO without holding a position on the Executive Board.
“Going forward, we also emphasise Nestlé’s digital transformation into a real-time, end-to-end connected, data- and AI-powered organisation. I am confident these changes will optimally position Nestlé for future success.
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