To take full benefit of its scale, the Nestle Board of Directors supported a proposal to create a new Executive Board function, Nestle Business Excellence, and to redefine Zone Europe and Zone Asia, Oceania and Africa (AOA).
The Board intends to put in place a permanent CEO who will further accelerate Coty's progress towards its stated strategic priorities of growing power brands across the globe and implementing its global efficiency plans.
China is Hersheys number one priority international market for growth. The company has increased its investment in China over the past several years and is one of the fastest growing confection companies in China.
The executive brings to McCain more than 15 years of leadership experience in both mature and developing markets with expertise in the development and direction of growth strategies.
The acquisition expands WhiteWaves plant-based foods and beverages platform by adding a complementary brand with significant growth potential and new category opportunities.
Nestl is celebrating the 200-year anniversary of the birth of Henri Nestl, the man who founded an infant cereal business that would grow into the world's biggest food and beverage company.
