Nestlé announces changes to its waters business, establishes Group Strategy and Business Development function
Nestlé announces changes to its waters business, establishes Group Strategy and Business Development function
Provider: Nestlé Global
Type: Link
Title: Nestlé announces changes to its waters business, establishes Group Strategy and Business Development function
Description: The Nestlé Board of Directors has decided to integrate the Nestlé Waters business into the Group’s three geographical Zones, effective January 1, 2020. A dedicated Strategic Business Unit (SBU) will be created and report to Patrice Bula, member of the Executive Board and Head of Strategic Business Units, Marketing & Sales. The new Waters SBU will ensure strategic alignment globally and manage core global functions. Nestlé also announces changes to its Executive Board: Maurizio Patarnello, Deputy Executive Vice President and Head of Nestlé Waters, will leave the Nestlé Executive Board on December 31, 2019. He will continue to advise Nestlé Waters in order to ensure a smooth transition to the new organizational structure. Maurizio has a genuine passion for Nestlé Waters' iconic brands and has overseen the launch of innovative products that meet new consumer trends. The Board of Directors and the Executive Board express their sincere gratitude and appreciation to Maurizio for his leadership at Nestlé Waters. The Nestlé Board of Directors has appointed Sanjay Bahadur, currently Head of Acquisitions and Business Development, to the Executive Board as Deputy Executive Vice President, effective January 1, 2020. Sanjay will head the newly created Group Strategy and Business Development function, which will support Nestlé in identifying internal and external strategic growth opportunities. The new function will also manage external partnerships and licensing agreements for the Nestlé Group and oversee the company’s corporate venture capital activities. Sanjay joined Nestlé in June 1982. He has extensive market experience having worked in India, Switzerland, Hong Kong, Turkey and China. He was CFO for the Greater China Region prior to assuming his role as Head of Acquisitions and Business Development. Read the full press release
Nestlé announces changes to its waters business, establishes Group Strategy and Business Development function
Provider: View Original
Type: Link
Title: Nestlé announces changes to its waters business, establishes Group Strategy and Business Development function
Description: The Nestlé Board of Directors has decided to integrate the Nestlé Waters business into the Group’s three geographical Zones, effective January 1, 2020. A dedicated Strategic Business Unit (SBU) will be created and report to Patrice Bula, member of the Executive Board and Head of Strategic Business Units, Marketing & Sales. The new Waters SBU will ensure strategic alignment globally and manage core global functions. Nestlé also announces changes to its Executive Board: Maurizio Patarnello, Deputy Executive Vice President and Head of Nestlé Waters, will leave the Nestlé Executive Board on December 31, 2019. He will continue to advise Nestlé Waters in order to ensure a smooth transition to the new organizational structure. Maurizio has a genuine passion for Nestlé Waters' iconic brands and has overseen the launch of innovative products that meet new consumer trends. The Board of Directors and the Executive Board express their sincere gratitude and appreciation to Maurizio for his leadership at Nestlé Waters. The Nestlé Board of Directors has appointed Sanjay Bahadur, currently Head of Acquisitions and Business Development, to the Executive Board as Deputy Executive Vice President, effective January 1, 2020. Sanjay will head the newly created Group Strategy and Business Development function, which will support Nestlé in identifying internal and external strategic growth opportunities. The new function will also manage external partnerships and licensing agreements for the Nestlé Group and oversee the company’s corporate venture capital activities. Sanjay joined Nestlé in June 1982. He has extensive market experience having worked in India, Switzerland, Hong Kong, Turkey and China. He was CFO for the Greater China Region prior to assuming his role as Head of Acquisitions and Business Development. Read the full press release
Nestlé reports nine-month sales for 2019
Nestlé reports nine-month sales for 2019
Provider: Nestlé Global
Type: Link
Title: Nestlé reports nine-month sales for 2019
Description: Mark Schneider, Nestlé CEO:"We are pleased with our nine-month results and have made further progress towards our 2020 financial goals. We continue to see good momentum in our largest market, the United States and very strong growth for Purina PetCare globally. Nestlé’s growth was supported by investment behind our brands, rapid innovation and disciplined execution. During the third quarter, the roll-out of Starbucks products continued, now reaching 34 countries. Our portfolio transformation is fully on track, as shown by the timely completion of the Nestlé Skin Health disposal. With prudent investments and a disciplined approach to acquisitions our value creation model is generating profitable growth and attractive cash returns for our shareholders." 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.
Nestlé reports nine-month sales for 2019
Provider: View Original
Type: Link
Title: Nestlé reports nine-month sales for 2019
Description: Mark Schneider, Nestlé CEO:"We are pleased with our nine-month results and have made further progress towards our 2020 financial goals. We continue to see good momentum in our largest market, the United States and very strong growth for Purina PetCare globally. Nestlé’s growth was supported by investment behind our brands, rapid innovation and disciplined execution. During the third quarter, the roll-out of Starbucks products continued, now reaching 34 countries. Our portfolio transformation is fully on track, as shown by the timely completion of the Nestlé Skin Health disposal. With prudent investments and a disciplined approach to acquisitions our value creation model is generating profitable growth and attractive cash returns for our shareholders." 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.
Nestlé closes the sale of Nestlé Skin Health
Nestlé closes the sale of Nestlé Skin Health
Provider: Nestlé Global
Type: Link
Title: Nestlé closes the sale of Nestlé Skin Health
Description: Nestlé today announced the closing of the sale of Nestlé Skin Health…
Nestlé closes the sale of Nestlé Skin Health
Provider: View Original
Type: Link
Title: Nestlé closes the sale of Nestlé Skin Health
Description: Nestlé today announced the closing of the sale of Nestlé Skin Health…
Nestlé accelerates action to tackle climate change and commits to zero net emissions by 2050
Nestlé accelerates action to tackle climate change and commits to zero net emissions by 2050
Provider: Nestlé Global
Type: Link
Title: Nestlé accelerates action to tackle climate change and commits to zero net emissions by 2050
Description: Nestlé today announced its ambition to achieve zero net greenhouse gas emissions by 2050. It embraces the most ambitious aim of the Paris Agreement. Read more.
Nestlé accelerates action to tackle climate change and commits to zero net emissions by 2050
Provider: View Original
Type: Link
Title: Nestlé accelerates action to tackle climate change and commits to zero net emissions by 2050
Description: Nestlé today announced its ambition to achieve zero net greenhouse gas emissions by 2050. It embraces the most ambitious aim of the Paris Agreement. Read more.
Nestlé inaugurates packaging research institute, first-of-its-kind in the food industry
Nestlé inaugurates packaging research institute, first-of-its-kind in the food industry
Provider: Nestlé Global
Type: Link
Title: Nestlé creates research institute for packaging to accelerate sustainability agenda
Description: Nestlé announces the creation of the Nestlé Institute of Packaging Sciences, dedicated to the development of environmentally friendly packaging solutions.
Nestlé inaugurates packaging research institute, first-of-its-kind in the food industry
Provider: Nestlé Global
Type: Link
Title: Nestlé inaugurates packaging research institute, first-of-its-kind in the food industry
Description: Nestlé inaugurated the Institute of Packaging Sciences to enable Nestlé to accelerate efforts to bring environmentally friendly packaging solutions to market.
Nestlé inaugurates packaging research institute, first-of-its-kind in the food industry
Provider: View Original
Type: Link
Title: Nestlé inaugurates packaging research institute, first-of-its-kind in the food industry
Description: Nestlé inaugurated the Institute of Packaging Sciences to enable Nestlé to accelerate efforts to bring environmentally friendly packaging solutions to market.
Nestlé reports half-year results for 2019
Nestlé reports half-year results for 2019
Provider: Nestlé Global
Type: Link
Title: Nestlé reports half-year results for 2019
Description: Organic growth of 3.6%, with continued strong real internal growth (RIG) of 2.6% and pricing of 1.0%. Increased growth was led by the United States and Brazil. Total reported sales increased by 3.5% to CHF 45.5 billion (6M-2018: CHF 43.9 billion). Net acquisitions had a positive impact of 1.1% and foreign exchange reduced sales by 1.2%. The underlying trading operating profit (UTOP) margin reached 17.1%, up 100 basis points. The trading operating profit (TOP) margin increased by 90 basis points to 15.5%. Mark Schneider, Nestlé CEO: "We are encouraged by our first half results and have made further progress toward our 2020 financial goals. Disciplined execution and fast innovation contributed to improved organic growth and profitability. Our growth was broad-based with our largest market, the United States, performing particularly well. Across our categories increased investment behind our brands and in innovation is clearly paying off, as reflected in our strong momentum in PetCare and the return to mid single-digit growth in coffee. Our Starbucks launch has been a great success so far and we plan on further geographic expansion and product innovation to make the most of this unique opportunity. Active portfolio management will continue to sharpen our strategic focus and position the company in attractive high-growth businesses. Our value creation model is clearly delivering the expected results and will support sustained profitable growth." Read the press release. Follow the investor call audio webcast hosted by Mark Schneider, Nestlé Chief Executive Officer, and François-Xavier Roger, Nestlé Chief Financial Officer live at 14:00 CEST.
Nestlé reports half-year results for 2019
Provider: View Original
Type: Link
Title: Nestlé reports half-year results for 2019
Description: Organic growth of 3.6%, with continued strong real internal growth (RIG) of 2.6% and pricing of 1.0%. Increased growth was led by the United States and Brazil. Total reported sales increased by 3.5% to CHF 45.5 billion (6M-2018: CHF 43.9 billion). Net acquisitions had a positive impact of 1.1% and foreign exchange reduced sales by 1.2%. The underlying trading operating profit (UTOP) margin reached 17.1%, up 100 basis points. The trading operating profit (TOP) margin increased by 90 basis points to 15.5%. Mark Schneider, Nestlé CEO: "We are encouraged by our first half results and have made further progress toward our 2020 financial goals. Disciplined execution and fast innovation contributed to improved organic growth and profitability. Our growth was broad-based with our largest market, the United States, performing particularly well. Across our categories increased investment behind our brands and in innovation is clearly paying off, as reflected in our strong momentum in PetCare and the return to mid single-digit growth in coffee. Our Starbucks launch has been a great success so far and we plan on further geographic expansion and product innovation to make the most of this unique opportunity. Active portfolio management will continue to sharpen our strategic focus and position the company in attractive high-growth businesses. Our value creation model is clearly delivering the expected results and will support sustained profitable growth." Read the press release. Follow the investor call audio webcast hosted by Mark Schneider, Nestlé Chief Executive Officer, and François-Xavier Roger, Nestlé Chief Financial Officer live at 14:00 CEST.