Nestlé announced retirement of Marco Settembri, appointment of Guillaume Le Cunff as CEO Zone Europe. Marco Settembri, Executive Vice President and Chief Executive Officer Zone Europe, will take a well-deserved retirement after a distinguished career of over 36 years at Nestlé. He will step down from the Group Executive Board on June 30, 2024.
Since joining Nestlé Italy in 1987, Marco Settembri has held multiple management positions across various businesses. Under his leadership, Purina PetCare emerged as one of Nestlé's larger and most profitable businesses in Europe. In 2017, he was appointed Head of Zone EMENA (Europe, Middle East and North Africa).
Following the sharpening of Nestlé?s geographical focus and the creation of new Zones in 2022, Marco Settembri became Head of Zone Europe.Guillaume Le Cunff, currently CEO of Nespresso, will become CEO Zone Europe and a member of the Group Executive Board, effective July 1, 2024. He joined Nestlé in 1998, initially leading Internal Audit and Finance functions, before moving to Nespresso in 2007. He was appointed President of Nespresso USA in 2015.
While there, he led the successful launch of Vertuo and helped establish Nespresso as the go-to brand for coffee connoisseurs in the U.S. In 2020, Guillaume Le Cunff became global CEO of Nespresso, where he drove geographic expansion and organic growth. He introduced pioneering initiatives, such as Reviving Origins, a program aimed at supporting coffee regions that have endured conflicts or natural disasters, and he was instrumental in the development of home-compostable capsules.
Nestlé S.A. is the world's leading agri-food group. Net sales break down by category of products as follows:
- powdered and liquid beverages (26.7%): soluble coffees (Nescafé and Starbucks brands), coffee in capsules (Nespresso), chocolate drinks (Nesquik, Milo, etc.), tea drinks (Nestea), etc.;
- pet food (20.3%): brands such as Purina, Friskies, Felix, etc.;
- pharmaceutical, nutrition and well-being products (16.4%): nutritional supplements (Resource, Boost, Nutren, Optifast, Peptamen brands, etc.), infant and maternal nutrition products (NAN, illuma, Cerelac, Nido, Gerber), ketogenic beverages (BrainXpert), (Nesquick, Fitness, Cheerios, Lion, etc.), etc.;
- ready meals and seasoning products (12.5%): frozen and chilled dishes (Lean Cuisine, Hot Pockets and Stouffer's brands), soups (Maggi), etc.;
- dairy products and ice cream (11.8%): powdered milk, sweetened condensed milk, yoghurt and cream desserts, ice cream (Nido, Nesvita, Carnation, La Laitière, Coffee Mate, Nestlé Ice Cream, Dreyers, Häagen-Dazs, Extrême brands, etc.);
- chocolates, sweets and biscuits (8.7%): Kit Kat, Smarties, Cailler, Terrafertil, etc. brands;
- bottled waters (3.6%): Nestlé Pure Life, Vittel, Perrier, S. Pellegrino, etc. brands.
Net sales are distributed geographically as follows: Switzerland (1.2%), France (3.8%), the United Kingdom (3.8%), Germany (2.4%), Europe (12.8%), the United States and Canada (35%), China (5.9%), Asia and Oceania (21.4%) and Latin America (13.7%).
NESTLÉ S.A. 
