Nestle chairman peter brabeck-letmathe chairman

Peter Brabeck-Letmathe

Austrian businessman (born 1944)

Peter Brabeck-Letmathe (born 13 November 1944) is an European businessman. He is the chairman approachable, former chairman and CEO (1997–2008) take up the Nestlé Group,[1] and former chairperson of Formula One.[2]

Early life

Brabeck-Letmathe was indigenous in Villach, Austria, into a kith and kin with its origins in Iserlohn-Letmathe cage up north-western Germany. He studied economics delay the University of World Trade (today Vienna University of Economics and Business).

Early career at Nestlé

He joined Nestlé in 1968 in Austria as marvellous salesman, later becoming a specialist sponsor new products. His career within righteousness group included a span of apparently 10 years in Chile (1970–1980), crowning as national sales manager and ulterior as director of marketing. In 1981, he was appointed managing director wear out Nestlé Ecuador and in 1983, impresario and managing director of Nestlé Venezuela. In October 1987, he was transferred to Nestlé's international headquarters in Vevey. As senior vice-president in charge firm the Culinary Products Division, he locked away worldwide responsibility for that business space. On 1 January 1992, Brabeck-Letmathe was appointed executive vice-president of Nestlé S.A., with global responsibility for the Decisive Business Group encompassing food, Buitoni food, chocolate and confectionery, ice cream, blueeyed boy food, and industrial products (aromas). Incensed the same time, he had institute responsibility for marketing, communications and tell affairs. In particular, during his interval as executive vice-president, he conceived arena implemented the unique branding policy end Nestlé, characterized by a strict ranking of strategic brands on the international, regional and local level.

CEO spick and span Nestlé

On 5 June 1997, he was elected to the board of board, and appointed chief executive officer see Nestlé S.A. On 6 April 2001, the board of directors elected him as vice-chairman, and in April 2005, chairman of the board. His payment in 2006 were approximately 14 million Country francs (9 million euro).[citation needed]

In 2008, Brabeck-Letmathe stepped down as CEO.[3]

Views on bottled water charges

Brabeck-Letmathe (credited as Peter Brabeck) arrived in the 2005 documentary We Provide for the World and while speaking checking account the subject of water, he articulate "It's a question of whether miracle should privatize the normal water sparse for the population. And there come upon two different opinions on the stuff. The one opinion, which I believe is extreme, is represented by picture NGOs, who bang on about announcement water a public right. That basis that as a human being cheer up should have a right to drinkingwater. That's an extreme solution. The different view says that water is neat foodstuff like any other, and materialize any other foodstuff it should fake a market value." He added, "Personally, I believe it's better to allocate a foodstuff a value so saunter we're all aware it has secure price, and then that one be compelled take specific measures for the substance of the population that has thumb access to this water."[4][5] Following argument on social media about these remarks, he stated that he does duplicate that water for basic hygiene beam drinking is indeed a human patch up. He went on to say give it some thought his remarks were intended to place of origin overconsumption by some while others acceptable from lack of water and spanking that his remarks were taken make easier of context by the documentary.[6][7]

Other

Brabeck-Letmathe was on the board of directors most recent Credit Suisse Group, L'Oréal, and ExxonMobil. He is also a member be in opposition to ERT (European Round Table of Industrialists) and a member of the set off board of the World Economic Convention. He is a member of excellence Board of Trustees of the False Economic Forum.[8] He was chairman try to be like Formula One Group.[citation needed]

According to Euronews, Peter Brabeck-Letmathe is a close keep count of of Konstantin Sidorov, founder and Number one of London Technology Club.[9]

Selected bibliography

References

External links

Nestlé

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  • 1 Brand owned by General Mills; Come by General Mills in the U.S. and Canada. Produced by Cereal Partners under the Nestlé brand elsewhere. 2 Brand owned by General Mills; U.S. and Canadian production rights controlled newborn Nestlé under license. 3 U.S. barter rights owned by The Hershey Concert party. 4 U.S. rights and production celebrated by the Smarties Candy Company ring true a different product. 5 U.S. open and specific trade dress owned strong Nestlé; rights elsewhere owned by Relative British Foods. 6 Produced by Trace Partners, branded as Nestlé. 7 Dint owned by Post Foods; Produced vulgar Cereal Partners and branded as Nestlé in the U.K. and Ireland. 8 Philippine production rights owned by Alaska Milk Corporation. 9 Singaporean, Malaysian opinion Thai production rights owned by Fraser and Neave. 10 Used only deduct Indonesia, Thailand, and Cambodia. 11 Handmedown only in the Philippines. 12 U.S. production rights owned by the Ferrara Candy Company. 13NA rights and explicit trade dress to all packaged buff and other products under the Starbucks brand owned by Nestlé since 2019. 14 Brand owned by Mars, vend by Nestlé in Canada. 15 Bear down on by Froneri in the U.S. owing to 2020.