Nestle appoints Fresenius' Ulf Mark Schneider as CEO

Reuters

Published Jun 27, 2016 12:04PM ET

Nestle appoints Fresenius' Ulf Mark Schneider as CEO

ZURICH (Reuters) - Nestle SA (S:NESN) poached Fresenius (DE:FREG) Chief Executive Ulf Mark Schneider to replace long-standing CEO Paul Bulcke, the Swiss food giant said on Monday.

Bulcke will be nominated for the role of chairman at the company's annual general meeting in April 2017, to replace Peter Brabeck-Letmathe, Nestle said.