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Nestlé Lanka celebrates long-standing business ... - LankaTalks
Nestlé Lanka recently held the ‘Connect@Nest’24’ event, to honour and recognize the valued business partnerships of the ‘Good Food Good Life’ company. This felicitation event brought together a diverse array of business partners across the value chain, all of whom contribute to Nestlé Lanka’s vision of delighting Sri Lankan consumers with products filled with taste and goodness.With an established local footprint of over 115 years, Nestlé Lanka remains true to its purpose of ‘unlocking the power of food to enhance quality of life, for everyone today and for generations to come’ with the support of its trusted business partners. As the largest food and beverage company and home to some of Sri Lanka’s most loved brands, Nestlé Lanka remains committed to its vision of offering tastier and healthier choices from early childhood to old age, ensuring the highest quality products are provided to consumers across the country. These products are brought to life through the dedication and support of business partners across the value chain, ensuring the highest quality standards are maintained from farm to table.‘We continuously work on building trust with our business partners, with a dedicated focus on empowering and guiding them towards Nestlé and industry best practices – upholding our unwavering commitment to excellence. Connect@Nest’24 is the ideal platform to recognize our business partners for their dedication towards our vision of providing products filled with taste and goodness to our beloved consumers across Sri Lanka’, commented Mr. Bernie Stefan, Managing Director of Nestlé Lanka.‘The unwavering dedication and commitment of our business partners has been instrumental in overcoming obstacles even during uncertain times, and ensure we provide the best quality products to our consumers. Connect@Nest’24 was organized to appreciate the consistent support of our business partners and recognize their efforts in helping us delight Sri Lankan families with Nestlé products’, said Mr. Kanchana Fernando, Director – Supply Chain at Nestlé Lanka.Nestlé has been an integral part of Sri Lankan lives for over 115 years. The company manufactures over 90% of its products locally at their state-of-the-art factory in Kurunegala, employing strict safety and quality controls. Driven by its purpose of ‘unlocking the power of food to enhance quality of life for everyone, today and for generations to come’, Nestlé caters to consumers across generations from early childhood to o...
Nestlé CEO unveils overhaul strategy - foodnavigator-usa.com
Nestlé’s new CEO promoted a five-prong plan last week that will sharpen its portfolio – and shrink its headcount – in a bid to become a “simpler, faster, more competitive and more innovative” business, as described by the company’s chairman at the CPG giant’s annual general meeting last week. Speaking to shareholders for the first time as CEO after 25 years with the company, Phillipp Navratil acknowledged Nestlé has had to “navigator our own challenges” – an oblique reference to the abrupt dismissal of his predecessor Laurent Freixe due to an undisclosed relationship last fall and the more recent theft of more than 400,000 KitKats last month that revealed how vulnerable the food supply chain is to criminals. The upheaval comes as it separates its ice cream unit and advances the sale of a stake in its premium water business – both of which include iconic brands. But, he emphasized, “we have a plan.” He explained Nestlé is “moving forward with renewed focus and urgency” on five strategic priorities that will center the company on four core businesses. Early results, including market share gains in the second half of the year, underscore the promise of the strategic shift – but the gains come with losses, most notably 16,000 jobs, or about 6% of its global workforce, that will be cut under Navratil’s restructuring plan. ‘Nestlé is at a turning point’The first prong of Navratil’s turnaround strategy focuses on creating a “winning portfolio” that is smaller, but stronger. “After reviewing our entire portfolio, we have sharpened our focus on four core businesses: Coffee, Petcare, Nutrition and Food & Snacks,” which together “give us strong competitive advantages and powerful synergies” to deliver “sustained, profitable growth,” Navratil told shareholders on April 16.Left off this list are the company’s lowest performing businesses, including milk products and ice cream, which accounted for 10.8% of the company’s sales in 2025 and is being spun out, and water, which accounted for 3.5% of sales. The company’s strategic evaluation of its water business “is ongoing” and includes “exploring partnership opportunities,” the company said its in annual shareholder report. Also potentially on the chopping block is the company’s vitamins, minerals and supplements business, for which a strategic evaluation is “continuing” and “may result in divestment,” according to the report. On the list of businesses to keep are the top selling segments. This includes Nestlé’s powdered a...
Nestlé announces 16,000 layoffs as food giant accelerates AI strategy
Nestlé, the world's largest food company, is cutting 16,000 jobs worldwide over the next two years as part of cost-cutting efforts, the company announced Oct. 16. The job cuts will affect 6% of its global workforce. About 12,000 white-collar jobs and another 4,000 positions in manufacturing and ...
Nestlé announces changes to its organisation and executive board
The Nestlé board of directors has approved changes to the company's organisation, effective as of January 1, 2025. As a result, it is also announcing changes to its executive board.
