Nestle SA poached Fresenius Chief Executive Ulf Mark Schneider to replace long-standing CEO Paul Bulcke, the Swiss food giant said on Monday.
Bulcke will be nominated for the role of chairman at the company’s annual general meeting in April 2017, to replace Peter Brabeck-Letmathe, Nestle said.
“I am honoured and excited to have the opportunity to join Nestle,” Schneider, 50, said in a statement. “This is a truly iconic global company with a proud heritage and tremendous future prospects.”
By Brenna Hughes Neghaiwi
Source: Reuters
Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.
The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.
The partnership will see Coca-Cola adopt new technology to foster innovation and productivity globally. Through the deal, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities.
