Nestle Appoints Paul Grimwood as Head of US Operations

Nestle SA (NESN), the world’s largest food company, named U.K. head Paul Grimwood as chairman and chief executive officer of its U.S. operations, replacing Brad Alford, who is to retire in October after 32 years.

Grimwood has led Nestle’s U.K. and Ireland business since 2009 and prior to that ran the company’s U.K. confectionery business for three years, the Vevey, Switzerland-based maker of KitKat bars said today in a statement.

Nestle generated 26.8 billion Swiss francs ($27.5 billion) in revenue in the Americas region last year. Growth in North America was helped by sales of DiGiorno pizza and Haagen-Dazs ice cream. New products such as Maggi Juicy Roasting cooking aids also helped the Swiss company counter weakening consumer sentiment in the region.

To contact the reporter on this story: Dermot Doherty in Geneva at ddoherty9@bloomberg.net

To contact the editors responsible for this story: Paul Jarvis at pjarvis@bloomberg.net; Celeste Perri at cperri@bloomberg.net

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