FMCG giant Nestle has made several leadership and structural changes across the executive board, effective January next year.
Latin America (Latam) and North America (NA) will merge to form Americas (AMS), which will be led by Steve Presley. He will relocate to Nestle’s headquarters in Vevey, Switzerland.
The Greater China Region (GCR) will become part of 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 GCR.
Meanwhile, Europe will continue to be led by Guillaume Le Cunff and will have no changes.
Laurent Freixe, CEO of Nestle, said a “leaner” executive structure will increase simplicity, speed up decision-making and strengthen the momentum of the company’s global initiatives.
“We will continue to build on the strengths of our market heads to ensure consistent in-market execution across the group,” he concluded.
