Sector News

Nestlé Names New CFO, Head of Operations

June 24, 2015
Food & Drink
Nestlé SA on Tuesday said it was appointing François-Xavier Roger as its new chief financial officer—one of two senior management changes announced by the Swiss food company.
 
Vevey-based Nestlé said Mr. Roger will replace Wan Ling Martello, who last month took up a new role as head of the Kit Kat maker’s Asia, Oceania, Africa business.
 
Mr. Roger, who is currently chief financial officer at Takeda Pharmaceutical Co. Ltd. of Japan, will take up his new role effective July. 1. The French citizen has previously worked for French food-maker Danone SA and telecom company Millicom International Cellular SA.
 
The appointment fits with Nestlé’s recent tradition of appointing CFOs from outside the company.
 
In another change, Nestlé said it was appointing Magdi Batato to succeed José Lopez, the food-maker’s long-standing head of operations. Mr. Batato, who is currently the head of Nestlé Pakistan, will take up his new role in October, replacing to Mr. Lopez, who is retiring after 36 years with Nestlé.
 
Both Mr. Roger and Mr. Batato will take up positions on Nestlé’s executive board.
 
By John Revill 
 

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