The Nestlé Board of Directors has approved changes to the company’s organisation and its Executive Board, effective 1 January 2025.
Zone Latin America (LATAM) and Zone North America (NA) will merge to form Zone Americas (AMS), which will be led by Steve Presley. He will relocate to Nestlé’s headquarters in Vevey, Switzerland.
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 remains unchanged.
Nestlé CEO, Laurent Freixe, says: “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.”
Meanwhile, Bernard Meunier has decided to step down from the Executive Board on 31 March 2025, and will lead strategic projects for the Group. David Rennie, currently Head of Nestlé Coffee Brands, will succeed 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 organisation.
Nespresso is led by Philipp Navratil who will now join the Executive Board and now report directly to the Nestlé CEO.
Nestlé Health Science will continue to be led by Anna Mohl.
Starting in 2025, Nestlé’s reporting will comprise five segments: Zone AMS, Zone AOA, Zone EUR, Nestlé Health Science, and Nespresso. The company will also continue to voluntarily report sales performance each quarter for North America and for Latin America within Zone AMS and for Greater China within Zone AOA.
Béatrice Guillaume-Grabisch, Head of Human Resources and Business Services, has stepped down with her area being split into its different functions.
Anna Lenz, currently Country Manager of Nestlé Portugal, will lead Human Resources and will join the Executive Board.
Chris Wright, Chief Information Officer, responsible for all information technology and digitalisation, will now report to the Nestlé CEO without holding a position on the Executive Board.
Hans-Ulrich Mayer will remain in charge of Business Services and report to CFO Anna Manz.
Antonia Wanner, who leads the Sustainability Unit, will now report directly to the Nestlé CEO without holding a position on the Executive Board.
Freixe says all leaders of key units driving will now report directly to him, which is crucial as the Group sharpens its focus on consumers and in innovation to expand market share.
