Nestle - Current Affairs Questions and Answers

1)   Nestle has named whom as the CEO on 27th June 2016?

a. Ulf Mark Schneider
b. Rob Mark Schneider
c. Jeremy John Schneider
d. None of the above
Answer  Explanation 

ANSWER: Ulf Mark Schneider

Explanation:
F&B MNC Nestle SA on June 27, 2016 named Ulf Mark Schneider as the new CEO of Freseniius, a Germany based healthcare firm.

  • He will join Nestle on September 1, 2015 and commence as CEO on January 1, 2017
  • Incumbent CEO Paul Bulckle will resign from the post on 31st December 2016
  • He has been named as the Nestle board chairman after Peter Brabeck-Letmathe retires in 2017
  • Appointment of Schneider enhances the health, nutrition and wellness sector for the company
  • Succession announcement came against a backdrop of Nestle missing sales target of organic growth of 5-6 percent dubbed the Nestle model for 3 years.
  • Slowdown has been due to major markets like China and Europe not performing well apart from weak consumer prices and strong Swiss franc.