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
In the lead-up to the world-famous Oktoberfest – which celebrates Bavarian tradition, beer and the festival spirit – Munich was already buzzing with activity by the time the doors opened to Drinktec 2022 on 12-16 September. The atmosphere was lively, with approximately 50,000 visitors from 169 countries in attendance.
Unilever has announced CEO Alan Jope’s decision to retire from the company at the end of 2023, after five years at the helm. The announcement comes 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.
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