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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


Zone Director for Asia, Oceania, Africa and Middle East

yLuis Cantarell


Zone Director for United States of America, Canada, Latin America,

Caribbean

yJos Lopez


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Operations, GLOBE

yJohn J. Harris


Chairman and CEO of Nestl Waters

yJames Singh


Finance and Control, Legal, IP, Tax, Tresury, Global Nestl Business Services

yLaurent Freixe


Zone Director for Europe

y


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Petraea Heynike


Responsible for the Strategic Business Units, Marketing, Sales and

Nespresso

yMarc Caira

Deputy Executive Vice President

CEO of Nestl Professional

yJean-Marc Duvoisin


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


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.




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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



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Term expires: 2013

yDaniel Borel

Compensation Committee (Chairman)

Term expires: 2012

yJean-Pierre Meyers


Term expires: 2011

yAndr Kudelski

Audit Committee

Term expires: 2014

yCarolina Mller-Mhl



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Term expires: 2012

ySteven George Hoch


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.



yWerner J. Bauer


Chief Technology Officer, Head of Innovation, Technology, Research and

Development


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yFrits van Dijk


Zone Director for Asia, Oceania, Africa and Middle East

yLuis Cantarell


Zone Director for United States of America, Canada, Latin America,

Caribbean

yJos Lopez


Operations, GLOBE

yJohn J. Harris



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Chairman and CEO of Nestl Waters

yJames Singh


Finance and Control, Legal, IP, Tax, Tresury, Global Nestl Business Services

yLaurent Freixe


Zone Director for Europe

yPetraea Heynike


Responsible for the Strategic Business Units, Marketing, Sales and

Nespresso

yMarc Caira


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CEO of Nestl Professional

yJean-Marc Duvoisin


Head of Human Resources and Centre Administration

yDavid P. Frick

Senior Vice President

Corporate Governance, Compliance and Corporate Services

yNandu Nandkishore


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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Documents