Nestlé has announced that it proposed Dick Boer, former President and CEO of Ahold Delhaize, and Dinesh Paliwal, President and CEO of Harman International Industries, for election to its Board of Directors.
The announcement comes as two of its current directors, Jean-Pierre Roth, and Ruth Oniang’o will retire from the Board, as they have reached the age limit set out in the Board Regulations.
The elections will take place at the Annual General Meeting on April 11, 2019.
Highly Relevant Experience
“Our Board continues to provide an important perspective on the fast-changing environment that is relevant to our business, and we are pleased to propose two new directors who will contribute highly relevant expertise and strengthen even further our current mix of perspectives,” said Nestlé’s Chairman Paul Bulcke.
“Dick Boer adds extensive food retail industry experience, and he will enhance the Board’s existing FMCG expertise. Dinesh Paliwal has in-depth knowledge in important emerging technology areas, including artificial intelligence, digital business models and cloud computing, with a broad global view.
“Both bring very relevant, cutting-edge expertise that will support Nestlé through our next phase of value creation and business development.”
With these nominees, Nestlé’s board will comprise of 14 members, 12 of which are independent directors. Over the last four years, the food group has added nine new independent directors to its board.
“The continuous refreshment of the Board adds new perspectives in the different areas relevant to Nestlé,” said Henri de Castries, chairman of the nomination and sustainability committee and Nestlé’s lead independent director.
“Our director selection process at Nestlé equips the Board with the right blend of capabilities, perspectives and experiences. We believe that we have the right Board composition to support sustainable value creation for shareholders and society.”
© 2019 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click subscribe to sign up for the Checkout print edition.