Food Nestlé to run water business as a separate unit in future

Nestlé, the world's largest food company, will run its water business as a separate unit in future. According to a statement on the occasion of the Capital Markets Day on Tuesday, this should contribute to an increase in operating performance.

As of January 1, 2025, the business with water and so-called "premium beverages" will become a separate, global business unit. Muriel Lienau, who already heads Nestlé Waters Europe, will take over the management of the new business unit.

The new management will "evaluate strategies for this business unit", according to the press release. Partnerships are possible, for example, "so that Nestlé can fully realize the potential of its renowned brands and growth platforms in this business unit".

According to the press release, management also intends to accelerate its digital transformation. The new CEO Laurent Freixe had already stated that this would be a priority for Nestlé when he took over. The aim is to become "an end-to-end networked company driven by data and AI" that works in "real time".

SDA