NESTLÉ CHIEF FINANCIAL officer and executive vice-president Jim Singh is retiring after 35 years with the confectionary company.
Wan Ling Martello, current executive vice-president of global e-commerce and Walmart emerging markets is to replace him, stepping into both the CFO and executive role.
Chief executive Paul Bulke said: “Jim Singh has strong human qualities and is a highly respected professional. Since I became CEO I have been able to appreciate the full extent to which Jim has been instrumental in steering Nestlé through these last challenging years.”
Martello is a certified public accountant who previously worked at Kraft Foods and the Borden Foods Corporation.
Bulke commented: “I am confident that [she] will blend well into the Nestlé culture and that her strong experience in finance and the food and beverage business, both from the industry and retail angle, will allow her to further enhance the Nestlé model.”