Head of Nestle Nutrition steps down
September 3, 2010
by Eric Schroeder
VEVEY, SWITZERLAND -- Richard Laube, executive vice-president in charge of Nestle Nutrition, has left the company to pursue another opportunity. He will be succeeded on an interim basis by Nandu Nandkishore, Nestle Nutrition’s global business head of infant nutrition.
Mr. Laube had been with Nestle for five years, joining the company as head of business development before taking up his responsibilities as head of Nestle Nutrition. Under his tenure, Nestle Nutrition grew substantially due in part to the acquisitions of Jenny Craig, Novartis Medical Nutrition and the Gerber Baby Food Co., which were successfully integrated into the company.
“We respect Mr. Laube’s decision, thank him for his valuable contribution during his time at Nestle and wish him all the best for the future,” said Paul Bulcke, chief executive officer of Nestle.