Nestlé reorganizes infant nutrition business, announces changes to Executive Board - Seite 2

Nestlé also announced changes to its Executive Board today.

Stefan Catsicas, Executive Vice President and Chief Technology Officer, has decided to pursue entrepreneurial and venture capital activities outside of Nestlé. Since joining in 2013, Stefan Catsicas has led Nestlé Research through considerable change, improving alignment with business and operations, promoting scientific breakthroughs and leveraging cross-discipline discoveries. He will leave Nestlé effective December 31, 2017, but will maintain a strong relationship with the company in the coming years through an advisory role in science and technology areas related to the Group's priorities.

The Nestlé Board of Directors has appointed Stefan Palzer as Executive Vice President and Chief Technology Officer at Nestlé, effective January 1, 2018. Stefan Palzer is currently Head of the Nestlé Research Center, and is recognized as one of the leading global experts in food engineering and materials science.

Stefan Palzer joined the Nestlé Group in 2000. He held positions of increasing responsibility at the Nestlé Product Technology Center (PTC) in Singen, at the Nestlé Research Center, and as Head of the Nestlé PTC in York. In March 2013, he took over the role of Global R&D Manager in the Beverage SBU. He has been Head of the Nestlé Research Center since 2016.

Applying his strong scientific expertise, Stefan Palzer has significantly contributed to a number of key innovations across product categories at Nestlé. His ability to lead rapid and meaningful product innovation will help Nestlé to accelerate organic growth by capitalizing on recent key consumer trends.

Heiko Schipper, Deputy Executive Vice President in charge of Nestlé Nutrition, has decided to pursue other interests outside of Nestlé. He will leave the company effective December 31, 2017. Heiko Schipper was appointed Global Business Head Infant Nutrition in 2013 and Deputy Executive Vice President in charge of Nestlé Nutrition in 2014. Under his leadership, Nestlé Nutrition delivered sustained growth and margin improvement. It also achieved leadership in the important China market by fully leveraging the newly acquired Wyeth Nutrition brands and the Nestlé brand portfolio.