[Ad hoc announcement pursuant to
art. 53 SIX Listing Rules]
Nestlé Press Release
Vevey/Switzerland, February 22,
2024
Nestlé proposes Geraldine Matchett as new independent member of
its Board of Directors
Nestlé announced today that it
proposes Geraldine Matchett, previously the Co-Chief Executive
Officer and CFO at DSM-Firmenich AG, a nutrition, health and beauty
company, for election to its Board of Directors. The election will
take place at the company's Annual General Meeting (AGM) on April
18, 2024.
After 12 years of dedicated service
to the company, Henri de Castries will not stand for re-election to
the Board of Directors. In addition, Kimberly A. Ross, who has
served on the board for the last six years, 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 Henri de Castries and
Kimberly A. Ross for their outstanding service and important
contributions," said Paul Bulcke, Chairman of the Nestlé Board of
Directors. "Henri de Castries has served as our Lead Independent
Director for the last seven years and as Vice Chairman for the last
six, playing a key role in our governance. We are grateful to him
for his contributions to our Board's strong professional experience
and diverse background. Both he and Kimberly A. Ross have shown
great dedication to Nestlé. At the same time, we are pleased to
propose Geraldine Matchett as new Board member. Her extensive
experience as a CEO and long-time CFO will contribute significantly
to the Board's strategic, operational and financial
expertise."
With the proposed nominee, the Nestlé
Board will comprise 14 members, of whom 12 are independent
directors. Nestlé strives to continuously add diverse skillsets and
knowledge to its Board.
Geraldine Matchett, a Swiss, British
and French citizen, has relevant industry experience as well as a
strong track record in general corporate management, strategy and
finance, having served as Co-Chief Executive Officer and CFO at
DSM-Firmenich AG (formerly Royal DSM N.V.) until September 2023.
Prior to DSM, she was Global Chief Financial Officer and member of
the Operations Council of the SGS Group in Switzerland. She has
held financial auditor roles at Deloitte and at KPMG and is a
Certified Chartered Accountant in the UK.
Contacts
Media
Christoph Meier
Tel.: +41 21 924 2200
mediarelations@nestle.com
Investors
Luca Borlini
Tel.: +41 21 924 3509
ir@nestle.com
