Nestlé Announces Re-Organization of its Global Information Technology Activities
Provider: Nestlé Global Type: Link Title: Nestlé Announces Re-Organization of its Global Information Technology Activities Description: Following a thorough review of its global information technology (IT) setup, Nestlé today announces plans to re-organize parts of its IT activities to benefit from its existing technology hub in Spain and other Nestlé locations. With this change, Nestlé intends to accelerate its digital transformation and to respond more quickly to fast-paced technological changes. The company aims to access wider digital skills and to benefit from IT innovation. These measures would also enhance Nestlé’s operational effectiveness. Over the next 18 months, this re-organization could lead to a reduction of up to 500 IT positions in Switzerland. In line with these changes, Nespresso is planning to establish dedicated operational centers in Spain and Portugal to benefit from existing Nestlé hubs in the areas of e-commerce and supply chain, and also intends to create a center of excellence for boutique operations in Italy. It is Nespresso’s intention to offer roles in these centers to all of the 80 employees impacted by the proposed change. The plans will now be subject to a period of consultation with the concerned employees, who will be invited to share their comments and feedback. Nestlé will also work with its employees to draw up detailed social plans to mitigate the impact of the re-organization for the people concerned. Assistance may include job offers from within the Nestlé Group, early retirement or outplacement support. These plans do not affect any of the company’s production sites in Switzerland. Read the full press release
Nestlé strengthens its research capabilities in Switzerland
Provider: Nestlé Global Type: Link Title: Nestlé strengthens its research capabilities in Switzerland Description: Nestlé has today announced changes that further strengthen its research and development operations, the largest of any food company worldwide. Nestlé will bring together its two scientific discovery units, the Nestlé Research Center and the Nestlé Institute of Health Sciences, to build one impactful organization, Nestlé Research. The combination of two world-renowned research facilities with highly complementary capabilities will take Nestlé’s important research work to a new level. Nestlé continuously develops new products and services that offer tastier and healthier choices to consumers. This includes reducing sugar, salt and saturated fat content and increasing positive nutrients to improve the nutritional profile of its products. The company also addresses wider issues through science and technology, such as non-communicable diseases, micronutrient deficiencies and sustainability. Nestlé’s researchers collaborate with world-leading scientists at local and international academic institutions, enabling them to make impactful scientific discoveries and to advance the quality of Nestlé’s products. "Nestlé’s success is built on meeting fast-changing consumer demand around the world. In this dynamic environment innovation leadership is key to winning in the marketplace," said Nestlé CEO Mark Schneider. "Strengthening our discovery research capabilities will give us an edge when it comes to developing the technologies for the next generation of must-have products." Nestlé Research will be based in Lausanne, Switzerland and will employ approximately 800 people. It will consist of three major research institutes: Health Sciences, Material Sciences and Food Safety & Analytical Sciences. The new organization will combine fundamental science at the highest level, high-end analytical platforms leveraged by all research teams, and strong prototyping capabilities to accelerate the translation of science into innovation. Read the full press release
Nestlé launches global initiative to help children lead healthier lives
Provider: Nestlé Global Type: Link Title: Nestlé launches global initiative to help children lead healthier lives Description: On the United Nations International Day of Families, Nestlé announced its global 'Nestlé for Healthier Kids' initiative…
Nestlé enters agreement for the perpetual global license of Starbucks consumer and foodservice products
Provider: Nestlé Global Type: Link Title: Nestlé enters agreement for the perpetual global license of Starbucks consumer and foodservice products Description: Nestlé today announced an agreement granting the company perpetual rights to market Starbucks consumer and foodservice products globally, outside of the company’s coffee shops. This transaction provides Nestlé with a strong platform for continued growth in North America with leadership positions in the premium roast and ground and portioned coffee businesses. It also allows Nestlé to capture exciting new growth opportunities in the rest of the world with Starbucks premium products. As a complete provider of coffee solutions, Nestlé will accelerate growth in out-of-home channels. The two companies will work closely together on innovation and go-to-market strategies to bring the best coffee to customers around the world. Read the full press release Follow the investor call audio webcast live at 19:30 CEST.
Provider: Nestlé Global Type: Link Title: Nestlé reports three-month sales for 2018 Description: Mark Schneider, Nestlé CEO: "We are pleased to report a solid start to the year, with all regions contributing to our growth. Our volume growth improved noticeably while pricing remained soft. We are encouraged by our innovation pipeline, continued progress with the implementation of our portfolio management strategy and our efficiency initiatives. Combined with the organic sales development, they put us on track for our 2018 guidance and our 2020 mid-term targets." Read the full press release. Follow the Investor call webcast hosted by Mark Schneider, Nestlé Chief Executive Officer, and François-Xavier Roger, Nestlé Chief Financial Officer live at 14:00 CEST.
Provider: Nestlé Global Type: Link Title: Nestlé Annual General Meeting Description: 1988 shareholders attended the Nestlé S.A. Annual General Meeting today in Lausanne. They represented 54.6 percent of the capital and 78.2 percent of the shares entitled to vote. The annual review and the accounts were approved. The shareholders further approved the proposed dividend of CHF 2.35 per share and the proposed capital reduction. All proposals of the Board of Directors were approved with strong majorities. The shareholders elected Pablo Isla, CEO of Inditex; Kasper Rorsted, CEO of adidas; and Kimberly A. Ross, former CFO of Baker Hughes, as new members of the Board. Three directors, Andreas Koopmann, Steven G. Hoch, and Naïna Lal Kidwai, did not stand for re-election as they have reached the term limit. The Board warmly thanked them for their highly appreciated services and important contributions as directors. The shareholders elected the Chairman and all other members of the Board of Directors individually for a term of office until the end of the next Annual General Meeting. Henri de Castries, lead independent director, was appointed as Vice-Chairman of the Board. Read the press release
