Nestle SA Nestlé proposes new members of Board of Directors (1311Q)
February 16 2023 - 2:00AM
UK Regulatory
TIDM76TQ
RNS Number : 1311Q
Nestle SA
16 February 2023
Nestlé Press Release
Vevey/Switzerland, February 16, 2023
Nestlé proposes Rainer Blair and Marie-Gabrielle
Ineichen-Fleisch as new independent members of its Board of
Directors
Nestlé announced today that it nominates Rainer Blair, President
and CEO of Danaher Corporation, a global science and technology
company, and Marie-Gabrielle Ineichen-Fleisch, former State
Secretary and Director of the Swiss State Secretariat for Economic
Affairs (SECO), for election to its Board of Directors. The
elections will take place at the company's Annual General Meeting
(AGM) on April 20, 2023.
After 10 years of Board service, Eva Cheng has decided not to
stand for re-election for personal reasons. All other members of
the Board and the Chairman will be proposed for individual
re-election.
"On behalf of the entire Board, I would like to express my
sincere gratitude to Eva Cheng for her strong engagement and her
highly relevant contributions, particularly in developing our
business in China," said Paul Bulcke, Chairman of the Nestlé Board
of Directors. "At the same time, we are pleased to propose two new
Board members. Rainer Blair brings 30 years of deep and diverse
executive experience across industries and has extensive
operational and strategic know-how. He will contribute to our
Board's expertise in science and technology. Marie-Gabrielle
Ineichen-Fleisch has broad experience in international relations
and will enhance the Board's geopolitical and global trade
knowledge."
With the proposed nominees, the Nestlé Board will comprise 15
members, of whom 13 are independent directors. Nestlé aims to
continuously add diverse experience and expertise, including in the
areas of food systems, food and beverage, digitalization, marketing
and sustainability, to its Board.
An American citizen born in Germany, Rainer Blair is a dynamic,
global leader who has held executive positions in several companies
across multiple geographies. Rainer Blair joined Danaher
Corporation, an innovative USD 30 billion growth company, in 2010.
He helped build Danaher's Life Sciences portfolio and increased its
annual revenues from over USD 2 billion in 2014 to more than USD 15
billion today. Rainer Blair has been Danaher's President and CEO
since 2020. The company has a stellar track record in designing,
manufacturing and marketing professional, medical, industrial, and
commercial products and services. Before joining Danaher, Rainer
Blair was President and CEO of MAPEI Americas, a global chemical
products company. He spent 15 years with BASF Group in various
leadership roles on three continents.
Marie-Gabrielle Ineichen-Fleisch, attorney at law, has extensive
experience in global trade matters and international organizations.
She served in the Swiss government as State Secretary and Director
of SECO from 2011 to 2022. From 2007 to 2011, she was the Swiss
Ambassador and Delegate for Trade Agreements and Switzerland's
chief negotiator to the World Trade Organization (WTO), as well as
Head of the World Trade Division and member of the Executive
Management of SECO. Previously, she held various positions at SECO,
the Swiss Federal Office of Foreign Economic Affairs, the World
Bank in the U.S. and at McKinsey & Company in Switzerland.
Contacts
Media
Christoph Meier
Tel.: +41 21 924 2200
mediarelations@nestle.com
Investors
Luca Borlini
Tel.: +41 21 924 3509
ir@nestle.com
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