(Reuters) – Mark Schneider, Nestle’s
He has set a vision on selling premium products in fast growing categories such as pet food and coffee, while disposing businesses in the slower growth areas of lunch meat and chocolate.
The 54-year-old German-American has promised to replace as much as 10% of Nestle’s existing portfolio with products of the moment by the end of 2020, conducting over 50 transactions and reviews since he took the helm. (https://reut.rs/34b1H2z)
In October, Schneider indicated he would not stop at the 10% target, calling the portfolio review an “ongoing process.”
On Thursday, Nestle agreed to sell a majority stake in Herta, its packaged meat business, to family-run Spanish company Casa…