Intimation to BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015: Mr. David Steven McDaniel, Executive Director – Finance & Control and Chief Financial Officer to demit office w.e.f. 1st March 2023; Nomi

The Company has informed BSE that Mr David Steven McDaniel, Executive Director – Finance & Control and Chief Financial Officer, shall demit office effective from 1st March 2023. Mr. McDaniel will be taking up a new assignment with a Nestlé Affiliate.

Ms Svetlana Boldina, currently Head of Finance and Control, Nestlé Indonesia, has been nominated to succeed Mr David McDaniel as “Executive Director – Finance & Control and Chief Financial Officer” effective from 1st March 2023, subject to approvals. Ms Svetlana Boldina is a Russian National having worked in the Nestlé markets in Russia, Eastern Europe and Indonesia with strong operational experience and an excellent track record in the Nestlé Group.

The above proposal shall be placed before the Audit Committee and the Board of Directors of the Company in the ensuing Meetings for consideration, on the recommendation of the Nomination and Remuneration Committee.

PDF file of the letter submitted to Stock Exchange