Ulf Mark Schneider appointed Nestle CEO

Q.  Nestle has named whom as the CEO on 27th June 2016?
- Published on 29 Jun 16

a. Ulf Mark Schneider
b. Rob Mark Schneider
c. Jeremy John Schneider
d. None of the above

ANSWER: Ulf Mark Schneider
 
F&B MNC Nestle SA on June 27, 2016 named Ulf Mark Schneider as the new CEO of Freseniius, a Germany based healthcare firm.
  • He will join Nestle on September 1, 2015 and commence as CEO on January 1, 2017
  • Incumbent CEO Paul Bulckle will resign from the post on 31st December 2016
  • He has been named as the Nestle board chairman after Peter Brabeck-Letmathe retires in 2017
  • Appointment of Schneider enhances the health, nutrition and wellness sector for the company
  • Succession announcement came against a backdrop of Nestle missing sales target of organic growth of 5-6 percent dubbed the Nestle model for 3 years.
  • Slowdown has been due to major markets like China and Europe not performing well apart from weak consumer prices and strong Swiss franc.

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