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Nestle CEO Mark Schneider’s Top Deals Over The Past Three Years

From: news.yahoo.com

(Reuters) – Mark Schneider, Nestle’s <NESN.S> first outside chief executive officer in almost a century, has made big strides in positioning the world’s largest food company for the future with aggressive deal making since taking over in January 2017.

He has set a vision on selling premium products in fast growing categories such as pet food and coffee, while disposing businesses in the slower growth areas of lunch meat and chocolate.

The 54-year-old German-American has promised to replace as much as 10% of Nestle’s existing portfolio with products of the moment by the end of 2020, under pressure from activist investor Dan Loeb, who through his investment firm Third Point took an about $3 billion stake in Nestle in 2017.

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