Nestlé announced on May 30 that Anna Manz, currently chief financial officer and a member of the board for the London Stock Exchange Group (LSEG) will replace François-Xavier Roger as executive vice president and chief financial officer, who has decided to leave after eight years to pursue new professional challenges.
Manz will join the Vevey, Switzerland-headquartered multinational food and drink processing conglomerate as chief financial officer 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 S.A. as an executive vice president. In order to ensure a smooth transition, Roger will remain on the job until his successor’s arrival.
Before signing on with LSEG, Manz served as chief financial officer and executive director at Johnson Matthey plc, leading the strategy, finance, procurement and IT functions. Prior to that, she spent 17 years at Diageo plc in a number of senior roles, including chief strategy director, chief financial officer of Asia Pacific operations, and group treasurer.
Nestlé CEO Mark Schneider 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 us through a very turbulent macro-economic environment over the last three years. We wish him all the best for his next endeavors.”
He added: “At the same time, we are thrilled to welcome Anna Manz to Nestlé. She 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.”
CFO Roger remarked: “I am very proud to have been part of Nestlé’s remarkable value creation journey. I have had the pleasure to lead a highly professional finance team, and I feel this is the appropriate time to hand over my responsibilities. I am eager to ensure a smooth handover to Anna.”
