Nestle surprises with new CEO.
| Fonction | NEWS |
[ILLUSTRATION OMITTED]
Nestle's chief executive designate Paul Bulcke was the surprise choice as new CEO this fall, as it was widely expected the Swiss company would name chief financial officer Paul Polman to replace current chief executive Peter Brabeck. Brabeck will remain chairman.
Bulcke said he will stick to the current strategy, targeting annual sales growth of 5-6 per cent as he oversees an evolution from a mass distributor of commodity-based foods like milk and breakfast cereal into a nutrition and fitness firm focused on sparkling waters, performance foods and healthy lifestyles.
The 53-year-old Belgian headed the Americas operations at Nestle, which is...
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