Personnel Moves

The former Henkel exec will be responsible for all marketing, innovation and R&D initiatives.

Formerly chief integration officer for Nestlé Business Excellence in North America, Tom Smith will now oversee Nestlé Waters North America's U.S. sales operations.

Chief accounting officer Elizabeth Dreyer will serve as interim CFO until a permanent replacement is found.

Francisco Fraga most recently led the transformation of Procter & Gamble’s U.S. supply chain network by building digital capabilities and other enterprise-wide IT services.

Longtime Nike veteran Michael Smith will place a special focus on driving global technology solutions in retail, digital, social and analytics.

Steve Liedtke played an instrumental role in WhiteWave Foods' spinoff from Dean Foods and eventual integration with Group Danone.

Stephen Koven will be responsible for developing digital strategies and leading teams to build sales and marketing plans.

The former Walmart CIO has "a company-wide remit to transform how new technologies are used to improve performance."

The simplified corporate structure is expected to increase agility and decision-making speed.

Laguarta becomes corporate president while Narasimhan and Popovici take on larger regional roles.

The former Mondelez and Amazon executive will be responsible for accelerating supply chain innovation and enabling advanced planning processes and technologies.

Lain Hancock will work to align commercial strategy and deliver a long-term growth plan for the brand.