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Nestle Picks LSEG Executive As Its New CFO

Author: Lekha Gupta | May 30, 2023 05:14am

Nestle SA (OTC:NSRGY) announced the departure of its CFO and Executive Vice President, François-Xavier Roger.
The packaged food company named Anna Manz as the replacement.
Manz is presently working as CFO and a member of the Board at London Stock Exchange Group PLC (OTC:LNSTY) and will assume the new role as soon as she is released from her present duties.
"Anna has spent her career growing businesses and improving operational efficiencies. Her deep knowledge of the consumer goods industry, combined with her extensive experience across many corporate functions, make her uniquely positioned to help lead Nestlé into its next phase of value creation," said Mark Schneider, CEO.
Last month, Nestle reported Q1 2023 sales growth of 5.6% Y/Y to CHF23.5 billion, on solid pricing growth amid inflation.
Price Action: NSRGY shares closed higher by 0.59% at $123.96 on Friday.

Posted In: DEO JMPLY LNSTY NSRGY