Nestlé, the world’s largest food and drinks company, is a giant awakening. Since the start of the year, new chief executive Mark Schneider has reacted to forces reshaping the global consumer goods industry — and pressure from activist investors. Profit margin targets have been set, growth areas identified and a SFr20bn share buyback programme unveiled. On Wednesday, its infant nutrition business was broken into regional units, to get closer to customers. Expectations have mounted that Mr Schneider will revamp Nestlé’s portfolio with big acquisitions and disposals.
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By Ralph Atkins
Source: Financial Times
Consumer behaviors and preferences are evolving rapidly. With macro shifts in society, inflation and food supply challenges set to profoundly influence how people consume food and beverages, Givaudan is exploring what the world of dairy alternatives will look like in the coming decade.
After nearly three decades with AFI, Andersen is leaving to pursue a different career path “to work on diverse projects and explore opportunities to serve as board member”. Serving as CEO since 2010, Andersen joined AFI in 1994, initially overseeing applications and R&D. Over the years, he has maintained a strong focus on the whey business.
The Kraft Heinz Company has introduced five new members to its executive leadership team, who will collaborate with Carlos Abrams-Rivera upon assuming the CEO role in 2024. Pedro Navio will assume the position of North America president at the beginning of next year. In addition, Willem Brandt, Bruno Keller, Cory Onell and Diana Frost will join Abrams-Rivera and Navio on the executive leadership team.
