Nestlé India Ltd has informed BSE that Mr. Etienne Benet, Managing Director, will be leaving the Company on July 25, 2015 and relocating to Nestlé Group Head Office in Switzerland.
Nomination has been received from Nestlé S.A. for the appointment of Mr. Suresh Narayanan as the Managing Director of the Company with effect from August 01, 2015. Mr. Narayanan is currently the Chairman and CEO of Nestlé Philippines. He has a great deal of experience, in India and overseas. In the meantime, Mr. Narayanan will function as a designate. The proposal is subject to necessary approvals.