ANSWER: Ulf Mark Schneider
Explanation:
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.
