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Industry Food processing
Founded Vevey, Switzerland (1866)
Founder Henri Nestl
Headquarters Vevey, Switzerland
Area served Worldwide
Key people Peter Brabeck-Letmathe (Chairman),Paul Bulcke (CEO)
Products Baby food, coffee, dairy products,
breakfast cereals, confectionery,
bottled water, ice cream, pet foods
(list...)
Revenue CHF 107.6 billion
Operating income CHF 15.70 billion (2009)
Profit CHF 10.43 billion (2009)
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Total equity 53.63 billion (2009)
Employees CHF278,000 (2009)
Website www.nestle.com
History
The company dates to 1867, when two separate Swiss enterprises were founded
that would later form the core of Nestl. In the succeeding decades the twocompeting enterprises aggressively expanded their businesses throughout Europeand the United States.In August 1867 Charles A and George Page, two brothers from Lee County,Illinois, USA established the Anglo-Swiss Condensed Milk Company in Cham.Their first British operation was opened at Chippenham, Wiltshire in 1873.[3]In September 1867, in Vevey, Henri Nestl developed a milk-based baby food andsoon began marketing it. Henri Nestl retired in 1875, but the company, under new
ownersh ip, retained his name as Farine Lacte Henri Nestl.
Henri Nestl.In 1877 Anglo-Swiss added milk-based baby foods to its products, and in thefollowing year the Nestl company added condensed milk, so that the firms
became direct and fierce rivals.
In 1905 the companies merged to become the Nestl and Anglo-Swiss CondensedMilk Company, retaining that name until 1947, when the name Nestl AlimentanaSA was taken as a result of the acquisition of Fabrique de Produits Maggi SA(founded 1884) and its holding company, Alimentana SA of Kempttal,Switzerland. Maggi was a major manufacturer of soup mixes and relatedfoodstuffs. The companys current name was adopted in 1977. By the early 1900s,
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the company was operating factories in the United States, United Kingdom,Germany and Spain. World War I created new demand for dairy products in theform of government contracts; by the end of the war, Nestl's production had morethan doubled.After the war, government contracts dried up and consumers switched back tofresh milk. However, Nestl's management responded quickly, streamliningoperations and reducing debt. The 1920s saw Nestl's first expansion into new
products, with chocolate the company's second most important activity.
Nestl's logo used until 1970s.
Nestl felt the effects of World War II immediately. Profits dropped from US$20million in 1938 to US$6 million in 1939. Factories were established in developingcountries, particularly Latin America. Ironically, the war helped with theintroduction of the company's newest product, Nescaf, which was a staple drinkof the US military. Nestl's production and sales rose in the wartime economy.The end of World War II was the beginning of a dynamic phase for Nestl. Growthaccelerated and companies were acquired. In 1947 came the merger with Maggi
seasonings and soups. Crosse & Blackwell followed in 1950, as did Findus (1963),Libby's (1971) and Stouffer's (1973). Diversification came with a shareholding inL'Oral in 1974. In 1977, Nestl made its second venture outside the food industry
by acquiring Alcon Laboratories Inc.In 1984, Nestl's improved bottom line allowed the company to launch a newround of acquisitions, notably American food giant Carnation and the Britishconfectionery company Rowntree Mackintosh in 1988, which brought the Willy
Wonka Brand to Nestl.
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The Brazilian president, Lula da Silva, inaugurates a factory in Feira de
Santana (Bahia), February, 2007.
The first half of the 1990s proved to be favorable for Nestl: trade barriers
crumbled and world markets developed into more or less integrated tradingareas. Since 1996 there have been acquisitions including San Pellegrino
(1997), Spillers Petfoods (1998), and Ralston Purina (2002). There were two
major acquisitions in North America, both in 2002: in June, Nestl merged its
U.S. ice cream business into Dreyer's, and in August a US$2.6 billion
acquisition was announced of Chef America, the creator of Hot Pockets. In the
same time frame, Nestl came close to purchasing the iconic American
company Hershey's, though the deal fell through.[4] Another recent purchase
includes the Jenny Craig weight loss program for US$600 million.In December 2005 Nestl bought the Greek company Delta Ice Cream for
240 million. In January 2006 it took full ownership of Dreyer's, thus
becoming the world's biggest ice cream maker with a 17.5% market share.[5]
In November 2006, Nestl purchased the Medical Nutrition division of
Novartis Pharmaceutical for $2.5B, also acquiring in 2007 the milk flavoring
product known as Ovaltine. In April 2007 Nestl bought baby food
manufacturer Gerber for $5.5 billion.
Management
y
Paul BulckeChief Executive Officer, Nestl S.A.
Member of Nestl Board of Directors:
Chairman's and Corporate Governance Committee - Term expires: 2011
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yWerner J. Bauer
Executive Vice President
Chief Technology Officer, Head of Innovation, Technology, Research and
Development
yFrits van Dijk
Executive Vice President
Zone Director for Asia, Oceania, Africa and Middle East
yLuis Cantarell
Executive Vice President
Zone Director for United States of America, Canada, Latin America,
Caribbean
yJos Lopez
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Executive Vice President
Operations, GLOBE
yJohn J. Harris
Executive Vice President
Chairman and CEO of Nestl Waters
yJames Singh
Executive Vice President
Finance and Control, Legal, IP, Tax, Tresury, Global Nestl Business Services
yLaurent Freixe
Executive Vice President
Zone Director for Europe
y
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Petraea Heynike
Executive Vice President
Responsible for the Strategic Business Units, Marketing, Sales and
Nespresso
yMarc Caira
Deputy Executive Vice President
CEO of Nestl Professional
yJean-Marc Duvoisin
Deputy Executive Vice President
Head of Human Resources and Centre Administration
yDavid P. Frick
Senior Vice President
Corporate Governance, Compliance and Corporate Services
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yNandu Nandkishore
Deputy Executive Vice President
Head of Nestl Nutrition
Board of directors
yPeter Brabeck-Letmathe
Chairman of the Board of Directors, Nestle S.A.
Chairman's and Corporate Governance Committee (Chairman)
Nomination Committee
Term expires: 2013
yPaul Bulcke
Chief Executive Officer, Nestl S.A.
Member of Nestl Board of Directors:
Chairman's and Corporate Governance Committee - Term expires: 2011
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yAndreas Koopmann
1st Vice Chairman
Chairman's and Corporate Governance Committee
Compensation Committee
Nomination Committee (Chairman)
Term expires: 2011
yRolf Hnggi
2nd Vice Chairman
Chairman's Committee and Corporate Governance Committee
Audit Committee (Chairman)
Term expires: 2011
yJean-Ren Fourtou
Chairman's and Corporate Governance Committee
Compensation Committee
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Term expires: 2013
yDaniel Borel
Compensation Committee (Chairman)
Term expires: 2012
yJean-Pierre Meyers
Compensation Committee
Term expires: 2011
yAndr Kudelski
Audit Committee
Term expires: 2014
yCarolina Mller-Mhl
Nomination Committee
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Term expires: 2012
ySteven George Hoch
Nomination Committee
Term expires: 2014
yNana Lal Kidwai
Audit Committee
Term expires: 2011
yBeat Hess
Audit Committee
Term expires: 2011
yTitia De Lange
Board of Directors
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Term expires: 2013
yJean-Pierre Roth
Board of Directors
Executive committee
yPaul Bulcke
Chief Executive Officer, Nestl S.A.
Member of Nestl Board of Directors:
Chairman's and Corporate Governance Committee - Term expires: 2011
yWerner J. Bauer
Executive Vice President
Chief Technology Officer, Head of Innovation, Technology, Research and
Development
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yFrits van Dijk
Executive Vice President
Zone Director for Asia, Oceania, Africa and Middle East
yLuis Cantarell
Executive Vice President
Zone Director for United States of America, Canada, Latin America,
Caribbean
yJos Lopez
Executive Vice President
Operations, GLOBE
yJohn J. Harris
Executive Vice President
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Chairman and CEO of Nestl Waters
yJames Singh
Executive Vice President
Finance and Control, Legal, IP, Tax, Tresury, Global Nestl Business Services
yLaurent Freixe
Executive Vice President
Zone Director for Europe
yPetraea Heynike
Executive Vice President
Responsible for the Strategic Business Units, Marketing, Sales and
Nespresso
yMarc Caira
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Deputy Executive Vice President
CEO of Nestl Professional
yJean-Marc Duvoisin
Deputy Executive Vice President
Head of Human Resources and Centre Administration
yDavid P. Frick
Senior Vice President
Corporate Governance, Compliance and Corporate Services
yNandu Nandkishore
Deputy Executive Vice President
Head of Nestl Nutrition
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Helmut Oswald Maucher
Honorary Chairman
Date of birth: 9th December, 1927
Place of birth:
Eisenharz (Allgu), Germany
Career
After graduating from high school, completed a commercial apprenticeship
at the Nestl factory in Eisenharz (Germany), and was then transferred to Nestl in Frankfurt. Parallel to holding different positions within theCompany, studied at Frankfurt University, where he graduated with a degreein business administration ("Diplom-Kaufmann").
From 1964 until 1980, different management positions within the NestlCompany in Germany and, from 1975 on, President and Chief ExecutiveOfficer of Nestl-Gruppe Deutschland, Frankfurt. Finally, on 1st October,1980, transfer to Nestl in Switzerland as Executive Vice President of NestlS.A., Vevey, and Member of the Executive Committee.
In November 1981, nomination as Chief Executive Officer of Nestl S.A.and from 1st June, 1990 to 5th June, 1997 both Chairman of the Board andCEO. As of 6th June, 1997, having relinquished the position of Chief
Executive Officer, continued as Chairman of the Board of Nestl S.A.,
Vevey Switzerland. On 25th May, 2000, relinquished the position ofChairman of the Board; named Honorary Chairman by the Board.
Board memberships
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y Chairman of the Board of Trustees, "Stiftung DemoskopieAllensbach", Germany
y Chairman of the Board, Universitt Bayern e.V., Munichy Member of the Board of Trustees, "Frankfurt Institute for Advanced
Studies"
Honors and awards
y Fortune Magazine Gold Medal 1984y Doctor honoris causa of the Autonomous University Guadalajara,
Mexico June 1989
y Order "El Aguila Azteca" Mexico April 1993y "Grosses Goldenes Ehrenzeichen mit dem Stern fr Verdienste um
die Republik Oesterreich" August 1993Leadership Award for Corporate Statesmanship, International
Institute for Management Development (IMD) October 1993
y IMD Maucher Nestl Chair November 1993y Appeal of Conscience Foundation Award, New York October 1995y INTERNORGA Prize, Hamburg March 1996y Doctor honoris causa, European Business School, Oestrich-Winkel,
Germany February 1997
y Manager Magazin Business Hall of Fame May 1997y
"Das Grosse Verdienstkreuz des Verdienstordens mit Stern derBundesrepublik Deutschland" September 1997
y Doctor honoris causa, Technical University, Munich March 1998y Scopus Award, Hebrew University, Jerusalem May 1999y "Das Oesterreichische Ehrenkreuz fr Wissenschaft und Kunst 1.
Klasse" August 1999
y "Preis Soziale Marktwirtschaft 2004 , Konrad-Adenauer Stiftung e.V.November 2004
Publications
y "Leadership in Action" (translated from German "Marketing istChefsache" into several languages)
"Management Breviary"
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