Nestlé Announces Changes to its Waters Business and Establishes Group Strategy and Business Development Function

 Breaking News
  • AB InBev Withdraws 2020 Outlook Given the uncertainty, volatility and fast-moving developments of the COVID-19 pandemic in the markets in which AB InBev operates, the global brewer has withdrawn its 2020 Outlook, which was  announced...
  • Teknomek hits peak design with new Dyson Airblade wash troughs Hygienic furniture specialist Teknomek has introduced new Dyson Airblade wash trough models that have been developed to reduce listeria risk in food processing facilities. Variants of the product are available...
  • Greencore Names New CFO The Board of Greencore Group, a leading manufacturer of convenience food in the UK, has announced the appointment of Emma Hynes (pictured) as Executive Director and Chief Financial Officer with...
  • Müller UK & Ireland Launches Major Recruitment Drive to Help Feed the Nation The UK’s favourite dairy brand[1] has launched a significant recruitment push for up to 300 additional key workers to help feed the nation. This follows strong consumer demand for dairy products...
  • Unilever Takes Measures to Help Fight Against Covid-19 Unilever has announced a wide-ranging set of measures to support global and national efforts to tackle the coronavirus (Covid-19) pandemic. The company’s actions are designed to help protect the lives...

Nestlé Announces Changes to its Waters Business and Establishes Group Strategy and Business Development Function

Nestlé Announces Changes to its Waters Business and Establishes Group Strategy and Business Development Function
October 21
12:31 2019

Nestlé has decided to integrate the Nestlé Waters business into the group’s three geographical zones, effective from January 1, 2020. A dedicated Strategic Business Unit (SBU) will be created and report to Patrice Bula, member of the executive board and Head of Strategic Business Units, Marketing & Sales. The new Waters SBU will ensure strategic alignment globally and manage core global functions.

The move, subject to employee consultation where required, will help utilise Nestlé’s strong local expertise, better respond to rapidly changing consumer preferences, accelerate profitable growth and create synergies.

Nestlé created Nestlé Waters in 1992, following the acquisition of Source Perrier. The business saw a rapid and successful international expansion to become the world’s leading bottled water company. It now has almost 50 renowned and iconic brands, such as S.Pellegrino, Perrier, Acqua Panna, Poland Spring and Nestlé Pure Life. With their quality and taste, these products offer a convenient and safe way to drink water and hydrate at every occasion. The waters business is an integral part of Nestlé’s nutrition, health and wellness strategy and is one of the company’s high-growth product categories.

Nestlé has also announced changes to its executive board. Maurizio Patarnello, Deputy Executive Vice President and Head of Nestlé Waters, will leave the Nestlé executive board on December 31, 2019. He will continue to advise Nestlé Waters in order to ensure a smooth transition to the new organizational structure.

Nestlé has appointed Sanjay Bahadur, currently Head of Acquisitions and Business Development, to the executive board as Deputy Executive Vice President, effective January 1, 2020. Sanjay Bahadur will head the newly created Group Strategy and Business Development function, which will support Nestlé in identifying internal and external strategic growth opportunities. The new function will also manage external partnerships and licensing agreements for the Nestlé Group and oversee the company’s corporate venture capital activities.

About Author



Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events


find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here


Social media & sharing icons powered by UltimatelySocial
Follow by Email