USA – Nestlé, Swiss multinational food, and drink conglomerate corporation, has appointed Anna Manz as the company’s new Chief Financial Officer (CFO) after François-Xavier Roger stepped down from the position.
In the company’s press release, François-Xavier Roger, Executive Vice President, and Chief Financial Officer, who has served in the company for 8 years decided to step down and pursue a new professional line.
“At the same time, we are thrilled to welcome Anna Manz to Nestlé. Her deep knowledge of the consumer goods industry, combined with her extensive experience across many corporate functions, make her uniquely positioned to help lead Nestlé into its next phase of value creation,” Mark added.
Anna Manz, who is currently the Chief Financial Officer and a member of the Board for the London Stock Exchange Group (LSEG), will join Nestlé as CFO as soon as she is released from her present duties.
To ensure a smooth transition François-Xavier Roger will remain in his role until Anna Manz arrives where she will also become a member of the Executive Board of Nestlé S.A. as an Executive Vice President.
François-Xavier Roger also expressed his regard to the company for giving him an opportunity to be part of the remarkable value-creation journey.
“I have had the pleasure to lead a highly professional finance team, and I feel this is the appropriate time to hand over my responsibilities,” he added.
The appointment follows Magdi Batato, the Executive Vice President and Head of Operations retirement reveal.
Batato will retire in early 2024 after a distinguished career of over 30 years at the company, while Stephanie Pullings Hart will take over as operations head by Jan. 1, 2024.
According to the earlier statement, Stephanie, who is currently Senior Vice President of Operations for Warby Parker will return to Nestlé, effective 1 July 2023, as the Deputy Head of Operations and thereafter take the office after Batato.
According to the CEO Mark Schneider, François has played a great role in shaping and implementing the company’s value creation strategy enabling it to steer through a very turbulent macroeconomic environment.