Nestle nominates three board directors to help advance strategy

Updated: Thu, Jan 18, 2018
11:35 pm
Reuters
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Nestle proposed three new independent directors to its board on Thursday, as the world`s largest food company seeks to accelerate its transformation into a health-conscious company.

Pablo Isla, chief executive of Zara-owner Inditex, Adidas CEO Kasper Rorsted and Kimberly Ross, former chief financial officer of Baker Hughes will stand for election at Nestle`s next annual general meeting in April.

"As Nestle advances its Nutrition, Health and Wellness strategy for accelerated growth in targeted consumer products categories and for sustainable shareholder value creation, each of these nominees brings a unique depth of experience and expertise that will be directly relevant to Nestlé," said Chairman Paul Bulcke in a statement.

Three current directors - Andreas Koopmann, Steven Hoch and Naina Lal Kidwai - will retire at the AGM.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)