Nestle adds three members to board of directors

Nestle has announced the nomination of three experienced business leaders as new independent directors on the company's board.

Pablo Isla, Kasper Rorsted and Kimberly Ross have been selected as prospective board members, with a vote to take place at the company's annual general meeting on April 12th. At that time, three current directors – Andreas Koopmann, Steven Hoch and Naina Lal Kidwai – will retire from the board.

Mr Isla is the chairman and chief executive officer of Inditex, one of the world's largest retail fashion companies, while Mr Rorsted is the chief executive of the multinational sportswear business Adidas. Ms Ross, meanwhile, is the former senior vice-president and chief financial officer of Baker Hughes.

With these proposed nominations, the full Nestle Board will consist of 14 members, of whom 12 are independent directors. This means Nestle has added seven new independent directors in the last three years.

Nestle's chairman Paul Bulcke said: "These highly accomplished individuals have strong records in successfully navigating today's rapidly changing consumer environment with creativity and business acumen, leading to sustainable value creation."

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