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
Schumacher will replace Alan Jope, who announced his decision to retire last September, less than a year after a failed attempt by Unilever to buy GlaxoSmithKline’s consumer healthcare business and just months after activist investor Nelson Peltz joined the company’s board.
Globally, plant-based ice creams have doubled their share of the market over the last five years, according to Tetra Pack. Pea protein and coconut milk are leading the way, but Tetra Pak cites data showing that oat-based ice cream launches have doubled in the previous year.
A myriad of so-called eco-labels are being rolled out across various F&B products, but with no gold standard or strict rules governing precisely what the logos mean and what methodology is behind them, concerns are growing that they will confuse consumers and ultimately be counterproductive.