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Nestlé Names New CFO

Nestlé has hired the London Stock Exchange Group’s (LSEG) finance boss Anna Manz as its new Chief Financial Officer.

She will replace Francois-Xavier Roger, who is stepping down to “pursue new professional challenges” after eight years in the role.

Manz will join Nestlé as CFO as soon as she is released from her present duties. At that time, she will also become a member of the Executive Board of Nestlé as an Executive Vice President.

Her career has included 17 years at Diageo in a number of senior roles, including Chief Strategy Director, CFO of Asia Pacific and Group Treasurer.

Mark Schneider, CEO, commented: “On behalf of our Board of Directors and our Executive Board, I would like to offer our sincere thanks to François. He has supported us in shaping and implementing our value creation strategy and has helped steer Nestlé through a very turbulent macro-economic environment over the last three years. We wish him all the best for his next endeavors.

“At the same time, we are thrilled to welcome Anna Manz to Nestlé. Anna has spent her career growing businesses and improving operational efficiencies. Her deep knowledge of the consumer goods industry, combined with her extensive experience across many corporate functions, make her uniquely positioned to help lead Nestlé into its next phase of value creation.”