Manz, who is currently CFO at the London Stock Exchange Group, will replace François-Xavier Roger who Nestlé credits with steering the business through the Covid-19 pandemic and rising commodities costs
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Manz will join Nestlé once ‘she is released from her present duties’ at the LSEG | Photo credit: London Stock Exchange Group
Anna Manz will lead Nestlé into its ‘next phase of value creation’ after being appointed the Swiss food and beverage giant’s new Chief Financial Officer.
Manz, who will join Vevey-based Nestlé once ‘she is released from her present duties’ at the London Stock Exchange Group (LSEG), replaces François-Xavier Roger, who is stepping down after eight years in the role to ‘pursue new professional challenges’.
Prior to taking on the CFO role at the LSEG, Manz held similar senior positions at London-based chemicals company Johnson Matthey plc and alcoholic beverage retailer Diageo.
Nestlé said Roger will remain in his role until his successor's arrival to ensure a smooth transition, but did not provide a timeframe for the handover.
“On behalf of our Board of Directors and our Executive Board, I would like to offer our sincere thanks to François. He has supported us in shaping and implementing our value creation strategy and has helped steer Nestlé through a very turbulent macro-economic environment over the last three years. We wish him all the best for his next endeavours.
“At the same time, we are thrilled to welcome Anna Manz to Nestlé. Anna has spent her career growing businesses and improving operational efficiencies. Her deep knowledge of the consumer goods industry, combined with her extensive experience across many corporate functions, make her uniquely positioned to help lead Nestlé into its next phase of value creation,” said Mark Schneider, CEO, Nestlé.
Manz’s appointment follows the announcement of Stephanie Pullings Hart as Nestlé’s Head of Operations, effective 1 January 2024, as well as new CEO figures at both Nestlé Germany and Nestlé UK & Ireland in January 2023.
In April 2023 Nestlé posted resilient first quarter results, with global sales rising 5.6% to reach CHF 23.5bn ($26.5bn) amid high single-digit growth within its coffee segment.