Dec 10 (Reuters) - Nestle India's chief financial officer Svetlana Boldina will step down with effect from January 31, 2026, to take up a new position with a Nestle affiliate, the consumer firm said on Wednesday.
The management change comes at a time when Indian consumer majors such as Hindustan Unilever and Britannia have reshuffled their top brass following several quarters of muted earnings.
In October, Nestle India posted a marginal rise in second-quarter profit and noted a gradual improvement in urban demand for items such as Maggi noodles and Nescafe coffee.
A new CFO will be announced shortly, the company said on Wednesday.
Boldina took the role in March 2023, having been part of the Nestle group for more than 25 years with experience spanning markets such as Russia and Indonesia.
(Reporting by Hritam Mukherjee and Ananta Agarwal in Bengaluru; Editing by Janane Venkatraman)
Nestlé S.A. is the world's leading agri-food group. Net sales break down by category of products as follows:
- powdered and liquid beverages (26.9%): soluble coffees (Nescafé and Starbucks brands), coffee in capsules (Nespresso), chocolate drinks (Nesquik, Milo, etc.), tea drinks (Nestea), etc.;
- pet food (20.7%): brands such as Purina, Friskies, Felix, etc.;
- pharmaceutical, nutrition and well-being products (16.6%): nutritional supplements (Resource, Boost, Nutren, Optifast, Peptamen brands, etc.), infant and maternal nutrition products (NAN, illuma, Cerelac, Nido, Gerber), ketogenic beverages (BrainXpert), (Nesquick, Fitness, Cheerios, Lion, etc.), etc.;
- ready meals and seasoning products (11.7%): frozen and chilled dishes (Lean Cuisine, Hot Pockets and Stouffer's brands), soups (Maggi), etc.;
- dairy products and ice cream (11.4%): powdered milk, sweetened condensed milk, yoghurt and cream desserts, ice cream (Nido, Nesvita, Carnation, La Laitière, Coffee Mate, Nestlé Ice Cream, Dreyers, Häagen-Dazs, Extrême brands, etc.);
- chocolates, sweets and biscuits (9.2%): Kit Kat, Smarties, Cailler, Terrafertil, etc. brands;
- bottled waters (3.5%): Nestlé Pure Life, Vittel, Perrier, S. Pellegrino, etc. brands.
Net sales are distributed geographically as follows: Switzerland (1.2%), the United Kingdom (4%), France (3.8%), Germany (2.2%), Europe (13.1%), the United States and Canada (35.2%), China (5.9%), Brazil (4.4%), Mexico (4.2%), Chile (1.2%), Latin America (3.8%), Philippines (2.9%), India (2.2%), Australia (1.6%) and Oceania (14.3%).
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