Changes to Nestlé’s executive leadership will take place on January 1, 2025. One major change is the restructuring of its Executive Board.
“A leaner Executive Board structure and close collaboration of the leadership team at the headquarters will increase simplicity, speed up decision-making, and strengthen the momentum behind global initiatives. We will continue to build on the strengths of our Market Heads to ensure consistent in-market execution across the Group,” remarked Laurent Freixe, Nestlé Chief Executive Officer.
The company’s organizational structure will change significantly, beginning with the merging of Zones.
For example, Zone Latin America (LATAM) and Zone North America (NA) will merge to form Zone Americas (AMS). It will be led by Steve Presley, who will relocate to Nestlé’s headquarters in Switzerland.
Next, Zone Greater China Region (GCR) will become part of Zone Asia, Oceania, and Africa (AOA) under the leadership of Remy Ejel. David Zhang will step down from the Executive Board and will remain Chairman and CEO of the Greater China Region.
Zone Europe (EUR) will continue to be led by Guillaume Le Cunff and remain unchanged.
“With these organizational changes, all the leaders of key units driving our performance and our transformation will now report directly to me,” added Freixe. “This is crucial as we sharpen our focus on consumers and customers and restore investment in our brands and in innovation to expand market share and accelerate our performance. Going forward, we are also placing a greater emphasis on Nestlé’s digital transformation into a real-time, end-to-end connected, data- and AI-powered organization. I am confident these changes will optimally position Nestlé for future success.”
In addition to these changes, the Board of Directors approved the following changes to the company’s Executive Board.
Bernard Meunier will step down from the Board on March 31, 2025, and will lead strategic projects for the Group. David Rennie, currently Head of Nestlé Coffee Brands, will succeed Bernard Meunier as the Head of Strategic Business Units (SBUs) and Marketing and Sales.
Nestlé Coffee Brands, with the exception of Nespresso, will be integrated into the SBU organization. Philipp Navratil will join the Executive Board and now report directly to the Nestlé CEO. Nestlé Health Science will continue to be led by Anna Mohl.
For additional information on zone reporting and responsibilities, click here.
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