Nestlé SA on Monday announced a shuffle of its executive board, as the food and beverage giant prepares for new leadership at the beginning of next year.
The company said that executive vice president Luis Cantarell, who heads the European, Middle East and North Africa zone, will retire at the end of the year.
He will be succeeded on Jan. 1 by Marco Settembri, who currently runs the company’s waters division. Mr. Settembri will in turn be succeeded in his position by Maurizio Patarnello, currently Market Head of Nestlé’s Russia and Eurasia region.
In June, Nestlé tapped Ulf Mark Schneider —who had run a Germany-based health-care company—to be its new chief executive, a move that underscored the increasing emphasis on health and nutrition from the owner of Kit Kat candy bars, Perrier mineral water and DiGiorno frozen pizza.
He starts as CEO on Jan. 1.
By Brian Blackstone
Source: Wall Street Journal
Temperature-controlled storage and logistic solution provider, Emergent Cold LatAm, has opened ‘Chile’s largest’ frozen food warehouse. Located in Talcahuano, a region renowned for its seafood and fruit production and exports, the warehouse represents a strategic enhancement of the local cold chain infrastructure.
Never Never gin will be sold through Asahi’s alcohol division, Carlton & United Breweries (CUB). According to the company, the acquisition – which won’t impact daily operations – will enable Never Never’s premium gin to reach a wider customer base while enhancing support and product offerings for existing customers.
Coca-Cola Europacific Partners (CCEP) announced today the forthcoming departure of Nik Jhangiani, senior vice president and chief financial officer, with plans underway to identify his successor. Jhangiani will be stepping down to assume the role of CFO at Diageo later this year.
