Nestle Head of SBUs Bernard Meunier to step down from Executive Board

Laurent Freixe, Nestle CEO, said: “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. We will continue to build on the strengths of our Market Heads to ensure consistent in-market execution across the Group.” Bernard Meunier has decided to step down from the Executive Board on March 31, 2025, and will lead strategic projects for the Group. David Rennie, currently Head of Nestle Coffee Brands will succeed Bernard Meunier as the Head of Strategic Business Units and Marketing and Sales. Nestle Coffee Brands, with the exception of Nespresso, will be integrated into the SBU organization. Nespresso is led by Philipp Navratil. He will join the Executive Board and now report directly to the Nestle CEO. Philipp Navratil is known for his ability to inspire and motivate people. He has extensive global experience across various roles and a profound understanding of Nestle. Nestle Health Science will continue to be led by Anna Mohl. Starting in 2025, Nestle’s reporting will comprise five segments: Zone AMS, Zone AOA, Zone EUR, Nestle 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.