Nestle executive Cantarell quits after 40 years, sparking reshuffle
- Donald Trump Sworn in as 45th U.S. President
- Wall Street ends higher as Trump becomes president
- Walgreens Boots Alliance (WBA) Said to Face Antitrust Concern for Rite Aid (RAD) Fix - Bloomberg
- Bristol-Myers Squibb (BMY) Says It Won't Pursue Accelerated U.S. Regulatory Pathway for Opdivo Plus Yervoy in Lung Cancer
- Apple (AAPL) Sues Qualcomm (QCOM) Over Patent Royalties in Antitrust Case - Bloomberg
The Nestle logo is pictured on the company headquarters entrance building in Vevey, Switzerland February 18, 2016. REUTERS/Pierre Albouy/File Photo
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
ZURICH (Reuters) - Luis Cantarell, who heads Nestle's Europe, Middle East and North Africa zone and has been an advocate of blurring the lines between food and pharmaceuticals, is stepping down after 40 years, the Swiss company
Cantarell will be replaced in January by Marco Settembri, head of Nestle's water division, which will now be run by Maurizio Paternello, who moves from Nestle Russia and Eurasia, the company said in a statement.
Nestle is also changing the business structure for its Nestle Professional food and beverage business from being globally to regionally managed, which it said will help it meet rising demand for more customized products and services.
(Reporting by John Miller; Editing by Alexander Smith)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Russia should not think sanctions will be lifted soon: PM
- Two suspected al Qaeda members killed in drone strike in Yemen: officials
- Egypt extends participation in Yemen conflict
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!