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Vevey, February 18, 2021
Nestlé nominates Lindiwe Majele Sibanda to join its Board of
Directors, provides update on Annual General Meeting
Nestlé announced today that it proposes Lindiwe Majele Sibanda, a
Professor and the Director and Chairwoman of the African Research
Universities Alliance Centre of Excellence in Sustainable Food Systems
at the University of Pretoria, South Africa, for election to its Board
of Directors. The elections will take place at the company's Annual
General Meeting (AGM) on April 15, 2021.
The company has also provided an update on the AGM format and topics.
Ursula Burns, a Nestlé Board member since 2017, has decided not to
stand for re-election. Therefore, the Board proposes Prof. Lindiwe
Majele Sibanda, a citizen of Zimbabwe, for election in her place and
will propose the individual re-election of all other current members of
the Board and the Chairman.
"I would like to thank Ursula Burns wholeheartedly for her engagement,
expert advice and valuable perspectives", said Paul Bulcke, Chairman of
the Nestlé Board of Directors. "At the same time, we are delighted
to propose Lindiwe as a new Board member. With her hands-on farming
experience and her expertise in environmental sustainability, public
policy and sustainable food systems, she will provide invaluable
guidance along our journey to build regenerative food systems at scale.
Her broad experience across the African continent as well as across the
globe will enrich the Board's insights."
In addition to her role at the University of Pretoria, Prof. Sibanda is
also the co-Chairwoman of the Global Alliance for Climate-Smart
Agriculture hosted by the Food and Agriculture Organization of the
United Nations in Rome, Italy. She served as the Vice-President, Country
Support, Policy and Partnerships for the Alliance for a Green Revolution
in Africa in Kenya. For 13 years, she worked in South Africa as the CEO
and Head of Mission of the pan-African Food, Agriculture and Natural
Resources Policy Analysis Network, operating in 19 African countries.
From 2016 to 2018, she served on the EAT-Lancet Commission on healthy
diets from sustainable food systems and as a member of the Australian
Centre for International Agricultural Research Policy Advisory Council.
She is the Managing Director of Linds Agriculture Services in Harare,
With Lindiwe Majele Sibanda, the Nestlé Board will comprise 14
members, of which twelve are independent directors. Nestlé aims to
continuously add diverse experience and unique perspectives to its board
as well as to enhance its cultural and gender diversity.
2021 Annual General Meeting under COVID-19 rules
The safety of employees and shareholders is Nestlé's top priority.
Therefore, in line with applicable Swiss legislation, the personal
participation of shareholders will unfortunately not be possible at this
year's AGM. Shareholders will be able to exercise their voting rights
through Nestlé's independent shareholder representative.
Nestlé to demonstrate its strong commitment to non-financial
reporting at the Annual General Meeting
In addition to standard updates on strategy, financial performance and
compensation, Nestlé will also give an update on its non-financial
performance at the 2021 AGM. Nestlé has always been deeply
committed to being transparent about its work on its environmental,
social and governance (ESG) priorities and has a strong track record in
doing so. The company is aware of growing investor interest in this
space and believes that shareholders have a right to know about its
progress on topics like reduction of greenhouse gas emissions,
responsible sourcing, sustainable packaging and water. Nestlé will
continue to engage its shareholders on this journey and welcomes
upcoming changes to Swiss legislation, which will set out a framework
for shareholder involvement. Nestlé will implement the new
legislation in the most sensible way for our shareholders, and in the
meantime, the company will continue to advance this important agenda.
To reflect the importance of sustainability in its corporate governance,
Nestlé will split the existing Nomination and Sustainability
Committee into a separate Nomination Committee and a focused
Sustainability Committee. This will allow Board members to dedicate more
time, focus and action on each separate topic.
CV of Lindiwe Majele Sibanda (pdf, 200Kb)
Christoph Meier Tel.: +41 21 924 2200
Luca Borlini Tel.: +41 21 924 3509
(END) Dow Jones Newswires
February 18, 2021 01:20 ET (06:20 GMT)