Nestlé SA on Monday announced a shuffle of its executive board, as the food and beverage giant prepares for new leadership at the beginning of next year.
The company said that executive vice president Luis Cantarell, who heads the European, Middle East and North Africa zone, will retire at the end of the year.
He will be succeeded on Jan. 1 by Marco Settembri, who currently runs the company’s waters division. Mr. Settembri will in turn be succeeded in his position by Maurizio Patarnello, currently Market Head of Nestlé’s Russia and Eurasia region.
In June, Nestlé tapped Ulf Mark Schneider —who had run a Germany-based health-care company—to be its new chief executive, a move that underscored the increasing emphasis on health and nutrition from the owner of Kit Kat candy bars, Perrier mineral water and DiGiorno frozen pizza.
He starts as CEO on Jan. 1.
By Brian Blackstone
Source: Wall Street Journal
Cécile Béliot has assumed the role of Bel Group chief executive officer, following the decision to separate the roles of chairman and CEO. The separation of the functions will enable Bel Group to develop in three areas of healthy snacking. Meanwhile, the company’s former CEO, Antoine Fiévet, has had his mandate renewed as chairman of the board.
US Food and Drug Administration (FDA) Commissioner Dr. Robert Califf was grilled by lawmakers during a House Appropriations subcommittee hearing, where he was slammed over the agency’s handling of the escalating infant formula shortage.
Sweegen is ramping up its efforts to reduce sugar across F&B applications while simultaneously tapping into the benefits of using antioxidants and bitter blocking technology. Speaking to FoodIngredientsFirst, Casey McCormick, vice president of global innovation at Sweegen, says product developers can find a broad range of solutions in Sweegen’s nature-based sweetener systems as brands elevate better-for-you foods.
