Nestlé Malaysia Bhd has announced the appointment of a new Chief Executive Officer for the company, effective as of December 1st 2018.
The current CEO, Alois Hofbauer, has decided to leave the Nestlé Group to pursue other interests outside the company.
Succeeding him will be Juan Aranols (pic), currently Chief Financial Officer for the Nestlé Group’s Zone Asia, Oceania and Sub-Saharan Africa (Zone AOA).
Aranols joined the Nestlé Group in 1990 as an auditor for Nestlé Spain. In his 28 years with the company he has held roles of increasing responsibility across a number of different markets in Europe and Latin America.
He has worked for the last six years at Nestlé Global Headquarters, first as Global Group Controller and since 2015 in his current role as CFO and member of the senior management team for Zone AOA.
“Nestlé Malaysia is a company with a long history and great future prospects.
“I am both humbled and excited to be given the opportunity to take this organisation forward, building on the strong foundations laid by my predecessor and his team,” said Aranols.
Hofbauer who has been CEO of Nestlé Malaysia for the last five and a half years commented, “I am proud that my team and I have established Nestlé Malaysia as one of the top performing companies on the Bursa Malaysia. We reignited growth and achieved solid results year after year.
“I am confident that this success will continue, and I wish Juan all the best in his new role.”
This is just one of Nestle’s big moves in October. On October 10, the company announced that they will be investing over RM100 million to expand its MILO factory in Chembong, Negeri Sembilan.
The move is in line with its strategy of driving strong, profitable growth and well as Malaysia being a key manufacturing hub for Nestlé Group.
Nestle has reportedly appointed Zenith as its media agency in Singapore, and Publicis One as its media agency in Malaysia.
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