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Nestlé S.A. (SWF:NESN) Corporate news announcement processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- --------------
Vevey, 4 September 2008 - Paul Polman, Executive Vice President in charge of Zone Americas, has decided to leave Nestlé with immediate effect in order to pursue other interests. During his three years tenure, first as Chief Financial Officer and since February 2008 as Head of Zone Americas, he has played an important role in Nestlé's conversion to the leading Nutrition, Health and Wellness Company. "We respect Mr. Polman's decision and thank him for his valuable contribution during his time with Nestlé", said Peter Brabeck-Letmathe, Chairman of Nestlé S.A.
The Board of Directors of Nestlé S.A. has appointed Luis Cantarell, Executive Vice President, Head of Zone Americas, effective today. Mr. Cantarell, who has been heading Zone Europe, has successfully transformed the Zone, taking it to higher performance levels. Previously he was in charge of establishing Nestlé Nutrition worldwide, acquiring extensive experience with the markets of Zone Americas.
To succeed Mr. Cantarell, the Board of Directors has appointed Laurent Freixe, currently Market Head of the Iberian Region, Executive Vice President in charge of Zone Europe with effect in November 2008. Mr. Freixe, with the Company since 1987, had different marketing functions with Nestlé France, where he successfully led the Nestlé Food and Nutrition division up to 2003. He was then appointed Market Head in Hungary before assuming his current function.
Contacts Media Robin Tickle Tel.: +41 (0)21 924 22 00 Investors Roddy Child-Villiers Tel.: +41 (0)21 924 36 22
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WKN: 887208; ISIN: CH0012056047; Index: SLCI, SMI, SPI, SMIEXP; Listed: Main Market in SWX Swiss Exchange;
