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.

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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.

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