Sector News

Nestlé Names New CFO, Head of Operations

June 24, 2015
Consumer Packaged Goods
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 
 

comments closed

Related News

July 14, 2024

ADM appoints Monish Patolawala as EVP and CFO

Consumer Packaged Goods

ADM has announced the appointment of Monish Patolawala as its new executive vice president and chief financial officer, effective 1 August 2024. Patolawala, who brings over 25 years of experience in managing global finance and technology teams, will succeed Ismael Roig. Roig has been serving as ADM’s interim CFO since January.

July 14, 2024

Carlsberg to acquire Britvic for £3.28BN in UK soft drinks expansion

Consumer Packaged Goods

UK Pepsi bottler and soft drinks maker Britvic has agreed to a takeover bid of £3.28 billion (US$4.2 billion) from Carlsberg. The move is expected to allow the Danish brewer to expand its drinks bottling operations in the UK and beyond beer.

July 14, 2024

Unilever to slash a third of European workforce

Consumer Packaged Goods

Unilever plans to cut a third of its office-based roles in Europe by the end of 2025, the consumer goods giant has said. It comes after it announced in March that it would be cutting costs, affecting about 7,500 roles globally. The firm said it would begin a consultation process with those affected by cuts in Europe, with about 3,200 jobs being axed in the region.

How can we help you?

We're easy to reach