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Nestlé Announces Restructuring Measures

| Editor: Alexander Stark

Nestlé reorganizes its infant nutrition business and announces changes to Executive Board.
Nestlé reorganizes its infant nutrition business and announces changes to Executive Board. (Source: Nesté)

Nestlé announced that its Board of Directors has decided to change the organization of the infant nutrition business and to create a Strategic Business Unit to strengthen its global nutrition strategy. Also, there have been several changes in the Executive Board.

Vevey/Switzerland — Effective January 1, 2018, infant nutrition will move from the globally-managed Nestlé Nutrition to a regionally-managed business. The change does not apply to other businesses.

A Strategic Business Unit (SBU) will be created to retain the strengths of the company’s globally-aligned nutrition strategy. The SBU will manage core global functions including science-based innovation, quality management, compliance, and global manufacturing capacity. A Nutrition Business Head will be appointed for each of the company’s three zones, to implement the global strategy in local markets. The Nutrition Business Heads will have operational and financial responsibility, reporting to the respective Zone CEO.

The company is increasingly focusing capital spending on advancing its high-growth categories. In addition to infant nutrition these include coffee, petcare and bottled water.

Changes to the Executive Board

The company also announced that Stefan Catsicas, Executive Vice President and Chief Technology Officer, will be leaving the company effective December 31, 2017. He joined the company in 2013, and will maintain a strong relationship with the company in the coming years through an advisory role in science and technology areas related to the Group’s priorities.

The Board of Directors has appointed Stefan Palzer as Executive Vice President and Chief Technology Officer, effective January 1, 2018. He is currently Head of the Nestlé Research Center, and has joined the Group in 2000. He held positions of increasing responsibility at the Product Technology Center (PTC) in Singen, at the Research Center, and as Head of the PTC in York. In March 2013, he took over the role of Global R&D Manager in the Beverage SBU. He has been Head of the Research Center since 2016.

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Furthermore, Heiko Schipper, Deputy Executive Vice President in charge of Nestlé Nutrition, has decided to pursue other interests outside of the company. He will leave the company effective December 31, 2017. Heiko Schipper was appointed Global Business Head Infant Nutrition in 2013 and Deputy Executive Vice President in charge of Nestlé Nutrition in 2014. Heiko Schipper’s position on the company’s Executive Board will not be replaced, following the change in the organization of the infant nutrition business.

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