Nestlé: to appoint three new directors as strategy changes

(CercleFinance.com) - Swiss food giant Nestlé appointed on Friday three new independent directors to its board of directors, as the company seeks to accelerate growth in the nutrition, health and wellness categories.


The firm plans to propose Pablo Isla, CEO of Inditex, Kasper Rorsted, CEO of adidas, and Kimberly Ross, former CFO of Baker Hughes, for election to its board.

This means that the directors Andreas Koopmann, Steven Hoch, and Naïna Lal Kidwai will retire from the board.

With the proposed nominees, the Nestlé board will now have 14 members, 12 of which are independent.

The elections will take place at the company's AGM on 12 April 2018.

On Tuesday Nestlé agreed to sell its US confectionery business to Ferrero for 2.8 billion dollars in cash.

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