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Home Industry News Nestle appoints new chairman and chairman emeritus

Nestle appoints new chairman and chairman emeritus

10th April 2017

Nestle has made a number of changes to its executive board roles during its 2017 annual general meeting.

Paul Bulcke, who served for nine years as chief executive officer of Nestle, has taken up a new role as chairman of the board of directors, succeeding Peter Brabeck-Letmathe, who did not stand for reelection after reaching the mandatory retirement age.

Mr Brabeck-Letmathe spent 11 years as CEO of the company, as well as serving as chairman for 12 years. He will now take up the post of chairman emeritus, where he will continue to be available to provide advice and guidance.

Nestle's current CEO Ulf Mark Schneider and Ursula Burns, chairman of the board of Xerox Corporation, were also appointed as new members of the board during the meeting, with Henri de Castries named as lead independent director.

Mr Schneider said: "I am confident that Nestle has what it takes to be successful: a robust strategy, unparalleled global reach, industry-leading expertise and, above all, our people."

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