Nestle Nutrition Unit Gets Third New Chief in Three Years
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Nestle SA said the head of its nutrition unit resigned a year after taking the job, resulting in the third change of leadership for the business since 2009.
Kurt Schmidt will give up the position in December, leaving for personal reasons and to pursue other opportunities, the Vevey, Switzerland-based food company said today in a statement. Luis Cantarell, 60, the chief executive officer of Nestle Health Science, will also manage the nutrition division, which is in the process of completing the $11.9 billion acquisition of Pfizer Inc.’s infant-nutrition unit.