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
Paine Schwartz Partners has closed on a Paine Schwartz Food Chain Fund VI, L.P. at $1.7 billion. The fund is aimed at investing in the food and agribusiness value chain. The company has invested about 40% of Fund VI in AgroFresh Solutions, Costa Group, Elemental Enzymes, HGS BioScience and Monterey Mushrooms.
After 26 years in Geneva, Switzerland, the decision to move has been made after visitor and exhibitor feedback, as well as growth plans for the Vitafoods brand. Vitafoods Europe 2025 will be held on 20-22 May 2025 at Fira Barcelona, with more details to be announced next year.
The traditional symbol of family reunion and cultural pastry of Asia is undergoing a reinvention. With the majority of young consumers in Asia expressing an increasing interest in healthier options, a growing market for mooncakes tailored to dietary preferences and restrictions is opening up across the globe.
