(Reuters) – Mark Schneider, Nestle’s first outside chief executive officer in almost a century, has made big strides in positioning the world’s largest food company for the future with aggressive deal making since taking over in January 2017.

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…



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