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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Nestlé S.A.    NESN   CH0038863350

NESTLÉ S.A.

(NESN)
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Nestle Makes Changes to Executive Board, Waters Unit

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10/17/2019 | 02:21am EST

By Max Bernhard

Nestle SA (NESN.EB) said Thursday that the head of its waters unit is leaving and that it would change how the business is integrated into its group structure.

The Swiss consumer-goods company said Maurizio Patarnello, deputy executive vice president and head of Nestle Waters, would leave its executive board at the end of the year. He will continue to advise the unit on the transition into a new organizational structure, the company said.

"The Nestle board of directors has decided to integrate the Nestle Waters business into the group's three geographical zones, effective Jan. 1, 2020," Nestle said. The company is setting up a dedicated "strategic business unit" which will be headed by Patrice Bula, executive board member and head of strategic business units, marketing and sales, it said.

The move will enable Nestle to better respond to changing consumer preferences, accelerate profitable growth and create synergies, Nestle said.

Meanwhile, Nestle said it has appointed Sanjay Bahadur to its executive board as a deputy executive vice president, effective Jan. 1. He will be overseeing the newly created group strategy and business development function.

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

Stocks mentioned in the article
ChangeLast1st jan.
LONDON COFFEE -1.07% 1765 End-of-day quote.0.00%
LONDON SUGAR 2.17% 334.5 End-of-day quote.0.15%
NESTLÉ S.A. 0.83% 104.64 Delayed Quote.31.13%
NEW YORK COCOA 1.60% 2675 End-of-day quote.10.58%
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Financials (CHF)
Sales 2019 93 216 M
EBIT 2019 16 458 M
Net income 2019 12 566 M
Debt 2019 27 625 M
Yield 2019 2,57%
P/E ratio 2019 24,7x
P/E ratio 2020 23,7x
EV / Sales2019 3,54x
EV / Sales2020 3,54x
Capitalization 302 B
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Technical analysis trends NESTLÉ S.A.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 111,61  CHF
Last Close Price 104,64  CHF
Spread / Highest target 16,6%
Spread / Average Target 6,66%
Spread / Lowest Target -15,9%
EPS Revisions
Managers
NameTitle
Ulf Mark Schneider Chief Executive Officer & Director
jeff hamilton President
Paul Bulcke Chairman
Magdi Batato Executive Vice President-Operations
François-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
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