Nestle SA chairman and CEO Peter Brabeck said he plans to give up his executive role in the next few years, reported the Dow Jones Newswires.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


 


According to the reports, Brabeck said: “The current plan is that I will step down as CEO at the 2008 general meeting.”


 


There has been increasing shareholder discontent over Brabeck’s dual role as chairman and CEO, reported Dow Jones.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

 

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now