Nestlé S.A. : Nestlé Board of Directors and Executive Board

With this reconfirmation of the long-term strategy and the organizational integration in mind, the Board today unanimously decided to appoint Ulf Mark Schneider as the new CEO of Nestlé S.A., starting on 1 January 2017, and propose him for election to the Board of Directors at the 2017 Annual General Meeting.

Ulf Mark Schneider, 50 years old and a German and U.S. citizen, has been CEO of Fresenius Group since 2003. He is a graduate of the University of St. Gallen with both a graduate and a doctoral degree, and also holds a Harvard Business School MBA.

Fresenius, which offers high-quality products and services for dialysis, hospitals and outpatient treatments, has prospered strongly under the leadership of Mr. Schneider over the past 13 years. Today, with over 220,000 employees in more than 100 countries and annual sales €28 billion, Fresenius is one of the world's leading diversified healthcare companies.

In order to ensure a smooth hand-over phase, Mr. Schneider will join Nestlé on 1 September 2016 for an introductory period.

Together with Paul Bulcke, who is highly experienced in the area of fast moving consumer goods, the new team is ideally suited to accelerate Nestlé's journey to become the world's preeminent Nutrition, Health and Wellness company whilst fostering Nestlé's values and principles.

Nestlé Chairman Peter Brabeck-Letmathe: "With the proposed appointment of Paul Bulcke as Chairman of the Board and Ulf Mark Schneider as CEO, the Board has increased the company's capabilities to accelerate Nestlé's journey to become the world's preeminent player in the Nutrition, Health and Wellness sector. Together with our excellent executive team, Nestlé is well prepared to face the increasingly difficult external environment and deliver on both its long-term and short-term performance goals."

Nestlé CEO Paul Bulcke: "I thank the Board for their confidence in proposing me as Chairman and I'm looking forward to working with Ulf Mark Schneider for Nestlé's continued success. Ulf Mark Schneider brings to Nestlé a wealth of proven and seasoned professional and personal skills which will blend very well with Nestlé's experienced management and company culture."

Ulf Mark Schneider: "I am honored and excited to have the opportunity to join Nestlé. This is a truly iconic global company with a proud heritage and tremendous future prospects. With consumers around the world taking a deeper interest in their personal health and wellbeing, Nestlé's industry-leading global food and beverage business positions it well for advancing the vision of Nutrition, Health and Wellness. I very much look forward to working with the Nestlé team and all Nestlé stakeholders as we continue to pursue this vision."

Contacts

Media  Robin Tickle  Tel.: +41 21 924 22 00

Investors  Steffen Kindler  Tel.: +41 21 924 35 09