Nestlé Lanka announces changes in Executive Board

To Press Releases listFeb 28, 2014

Nestlé Lanka announces changes in Executive Board

Effective 1 January 2014, the Nestlé Lanka Board appointed Etienne André Marie Benet, Head of Nestlé in South Asia and Managing Director of Nestlé India Limited, as Non-Executive Chairman. He succeeds Antonio Helio Waszyk.

Etienne Benet joined the Nestlé Group in France in 1989 as an Internal Auditor. He commenced his international career in 1991 in Egypt as Factory Controller, then as the Group Management Accountant followed by an assignment in Sales and Marketing of the Chilled business. In 1997 he was appointed Country Manager for Gabon and in 1999, returned to Egypt as Country Business Manager for Nestlé Waters. In 2004, he was transferred to Indonesia as Country Manager for Nestlé Waters and in 2008, was appointed Head of Nestlé’s operations in Central and West Africa. He has held his current position in Nestlé South Asia since October 2013.

The Nestlé Lanka Board also appointed Shobinder Duggal as a Non-Executive Director effective 1 January 2014. He succeeds Pierre Schaufelberger.

Shobinder Duggal is a Chartered Accountant. He joined the Nestlé Group in 1986 and is currently Director, Finance & Control for Nestlé India Limited. He holds extensive experience in Finance, which includes an assignment with Nestlé Group for two years in Switzerland.

About Nestlé Lanka

Nestlé is in the food, beverage, nutrition and wellness business. It began operations in Sri Lanka in 1906, becoming a public-quoted company in 1983 and commencing local production in 1984.

The Company is currently amongst Sri Lanka’s leading food and beverage companies, providing direct employment to almost 1,200 people and positively impacting the livelihoods of over 23,000 farmers and their families.

It is Sri Lanka’s largest private sector buyer of fresh milk and the world’s largest exporter of coconut milk powder. Nestlé is also the third most valuable company on the Colombo Stock Exchange in terms of market capitalization.

Nestlé’s corporate ambition is to be the recognised leader in Nutrition, Health and Wellness – which is captured in the simple phrase 'Good Food, Good Life'. It strives to ensure that all its food and beverage brands enhance lives by not only offering the best taste but also the best nutritional profile in their category as part of a healthy diet.

The company operates on the principle of ‘Creating Shared Value’, where it believes that in order for a company to be successful in the long term and create value for shareholders, it must also create value for society.