Friday, 24 May 2013

Etienne Benet to be Nestle India Managing Director - Moneycontrol.com



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May 24, 2013, 04.05 PM IST

Etienne Benet, the current chief executive officer of Nestle central and west africa region would take over as the managing director of the company from October 2013

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Etienne Benet to be Nestle India Managing Director

Etienne Benet, the current chief executive officer of Nestle central and west africa region would take over as the managing director of the company from October 2013

Like this story, share it with millions of investors on M3

Etienne Benet to be Nestle India Managing Director

Etienne Benet, the current chief executive officer of Nestle central and west africa region would take over as the managing director of the company from October 2013

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Fast moving consumer goods (FMCG) major Nestle India today said Etienne Benet would take over as the managing director (MD) of the company with effect from October 1, 2013; replacing Antonio Helio Waszyk from the post.

Also read: Nestle India's MD to step down

Benet is currently the chief executive officer (CEO) of Nestle Central and West Africa Region, Nestle India said in a filing to the BSE.

"Antonio Helio Waszyk, chairman and managing director, shall step down from the position of Managing Director with effect from October 1, 2013, to take up a new assignment within Nestle Group," it added.

He would continue to be the non-executive chairman of the company, Nestle India said.

Apart from milk and yoghurt, Nestle sells popular products like Maggi noodles, Nescafe and KitKat chocolates in India. It employs around 7,000 people in the country and its products are sold in 40 lakh outlets.

Shares of Nestle India were trading at Rs 5,240.05 on the BSE in late afternoon trade, down 0.56 per cent from their previous close.


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