Nestle SA said Tuesday that Steve Presley will succeed Paul Grimwood as market head and chief executive of Nestle USA.
Mr. Presley, who is currently chief finance and strategic transformation officer for Nestle USA, will take over from Mr. Grimwood on April 1, Nestle said.
Mr. Grimwood will continue to serve the business as non-executive chairman of Nestle USA until May 2019, it said. The company said he has served as Nestle USA’s chairman and CEO since 2012 and led the strategic transformation of the business.
Mr. Presley’s replacement as chief finance officer at Nestle USA will be announced at a later date, the company said.
“Steve’s experience will prove invaluable in continuing to pursue new internal and external models to increase the speed of innovation, capitalize on M&A to seed our innovation machine, and create new income streams and capabilities,” Laurent Freixe, Nestle executive vice president and head of Zone Americas, says.
By Sonia Amaral
A new wave of brands is emerging that promotes indulgence and rejects the notion of sacrifice. Low-maintenance “hangover” beauty products are designed to address the effects of late nights and partying without judgment or hassle, and even include cosmetics that are formulated in a way that means you can fall asleep in your makeup without feeling guilty.
The pilot will allow the company to scale circular packaging in about 18 markets over the next three years, an approach that jumps on the success of similar efforts in the company’s Indonesia ecoSPIRITS program, which launched in 2022 and is active in 38 bars.
Unilever’s focus on purpose across its brands has been a source of criticism from some of its investors. Its new CEO Hein Schumacher says the company now recognises there are some brands where the concept is simply not relevant.