German healthcare firm boss to become Nestlé ceo
Chocolate giant Nestlé has appointed former German healthcare company Fresenius boss Ulf Mark Schneider as its new ceo.
The decision to appoint Schneider at the firm’s 150th annual general meeting on June 27, was in line with the company’s goal of focusing on nutrition and health.
Schneider will start in his new role on January 1 2017, following an introductory period in the company starting on September 1 2016.
He is to be the first person from outside of the company to be appointed ceo since 1922.
A dual US and German citizen, Schneider has been ceo of Fresenius Group since 2003.
Schneider will replace current ceo Paul Bulcke, who will resign from his role on December 31 2016.
“I’m looking forward to working with Ulf Mark Schneider for Nestlé’s continued success,” said Bulcke.
“Ulf Mark Schneider brings to Nestlé a wealth of proven and seasoned professional and personal skills, which will blend very well with Nestlé’s experienced management and company culture.”