Nestle: CFO will head AOA business Asia/Oceania/Africa

Vevey / CH. (nsa) Nestle S.A. Executive Vice President in charge of Zone Asia, Oceania and Africa (AOA), Nandu Nandkishore, has decided to take early retirement after a long and distinguished career with Nestle. Nandkishore started his career at Nestle in India 1989, and after successive appointments in India, Indonesia and Nestle Headquarters in Vevey, he was nominated market head of Indonesia and then of the Philippines. In 2010, he was appointed to the Executive Board, where he first served as global head of Infant Nutrition before taking on his current responsibilities. Effective 01 May 2015, the Board of Directors has appointed Wan Ling Martello, currently CFO of Nestle S.A., to succeed Nandkishore as Executive Vice President in charge of Zone AOA. Martello joined Nestle in November 2011 from Walmart where she spent six years first as the CFO and Chief Strategy Officer for their International business, followed by two years building Walmart´s Global eCommerce business. In addition to her retail experience, she also has extensive FMCG background, with Kraft as well as Borden Foods during its turnaround years. Martello is a Chinese American born and raised in the Philippines. Nestle CEO Paul Bulcke: «We respect Nandu Nandkishore´s decision and thank him for his dedicated service and important contributions over the last 26 years. I have always valued his total commitment to our company and what we stand for. We wish him all the best for his future. Since joining Nestle, Wan Ling Martello has successfully integrated into the company and has from the start made important contributions to its success. Her vast financial and operational experience in the FMCG industry, both from the manufacturing and retail angles, make her uniquely suited to lead Zone AOA into the future». Martello´s replacement as CFO will be announced in due course. In the meantime, Bulcke assumes these responsibilities with the assistance of Group Accounting and Reporting Head Stefan Helfenstein.