Outcome of meeting of the Board of Directors of the Company held on 23rd October 2020
The Company has informed BSE that the Board of Directors of the Company at its meeting held on 23rd October 2020 , inter alia, has approved
a) Unaudited financial results of the Company for the quarter and nine months ended 30th September, 2020;
b) Declared interim dividend for 2020 of Rs.135/-per equity shares of Rs. 10/- each to be paid on and from 20th November, 2020. The interim dividend for 2020 will be paid to those members whose names appear on the Register of Members of the Company and as beneficial owners in the Depositories, determined with reference to the Record Date 2nd November, 2020, already announced for the purpose.
c) On the recommendation of the Nomination and Remuneration Committee, appointed Mr. Matthias C Lohner Whole-time Director of the Company designated as “Executive Director – Technical” with effect from 1st November 2020 for a term of five years,subject to requisite approvals, in place of Mr Martin Roemkens.
Mr Matthias has over 23 years of rich experience in Nestlé Group and held various positions of increasing responsibility in Vietnam, Mexico, El Salvador, Canada, Chile. Currently he is Operations Manager, Nescafé Dolce Gusto, Global Business Unit based in Switzerland. He brings with him a diverse background with experience around different Markets and Zones including Nestlé Head Office at Switzerland.