[Ad hoc announcement pursuant to art.
53 SIX Listing Rules]
Nestlé Press Release
Vevey/Switzerland, April 18,
2024
Nestlé announces retirement of Marco Settembri, appointment of
Guillaume Le Cunff as CEO Zone Europe
Marco Settembri, Executive Vice
President and Chief Executive Officer Zone Europe, will take a
well-deserved retirement after a distinguished career of over 36
years at Nestlé. He will step down from the Group Executive Board
on June 30, 2024. Since joining Nestlé Italy in 1987, Marco
Settembri has held multiple management positions across various
businesses. Under his leadership, Purina PetCare emerged as one of
Nestlé's largest and most profitable businesses in Europe. In 2017,
he was appointed Head of Zone EMENA (Europe, Middle East and North
Africa). Following the sharpening of Nestlé's geographical focus
and the creation of new Zones in 2022, Marco Settembri became Head
of Zone Europe.
Guillaume Le Cunff, currently CEO of
Nespresso, will become CEO Zone Europe and a member of the Group
Executive Board, effective July 1, 2024. He joined Nestlé in 1998,
initially leading Internal Audit and Finance functions, before
moving to Nespresso in 2007. He was appointed President of
Nespresso USA in 2015. While there, he led the successful launch of
Vertuo and helped
establish Nespresso as the go-to brand for coffee connoisseurs in
the U.S. In 2020, Guillaume Le Cunff became global CEO of
Nespresso, where he drove geographic expansion and organic growth.
He introduced pioneering initiatives, such as Reviving Origins, a program aimed at
supporting coffee regions that have endured conflicts or natural
disasters, and he was instrumental in the development of
home-compostable capsules.
Mark Schneider, CEO, commented, "On
behalf of our Board of Directors and our Executive Board, I would
like to extend our heartfelt thanks to Marco for his many years of
outstanding service to Nestlé. We wish him great success and
fulfillment in this new phase of his life. At the same time, we are
delighted to announce that Guillaume is taking over as the new CEO
of Zone Europe. Guillaume is an inspiring and seasoned business
leader with extensive experience in brand building, innovation,
e-commerce and sustainability. He is the ideal leader to take Zone
Europe to the next level. We wish Guillaume every success in his
new role."
Contacts
Media
Christoph Meier
Tel.: +41 21 924 2200
mediarelations@nestle.com
Investors
Luca Borlini
Tel.: +41 21 924 3509
ir@nestle.com
