Nestle India , a leading player in the Indian food and beverage industry, has announced a significant change to its board of directors. The company's Board has approved the appointment of Mandeep Chhatwal as an Additional Director (Non-Executive) effective January 1, 2026, subject to shareholder approval.

Key Appointment Details

Professional Background

Mandeep Chhatwal brings a wealth of experience to Nestle India's board. Here are some highlights of his career:

• Over 30 years of experience in the finance sector
• Currently serves as Chief Financial Officer (CFO) for Zone Asia, Oceania & Africa (AOA) at Nestle's global headquarters in Vevey, Switzerland
• Previous roles at Nestle include:
  • CFO of Nestle Sri Lanka
  • Global Head of Financial Services
  • Head of Corporate Finance & Deputy Treasurer
  • CFO of Nestle Philippines

Nestle India Connection

Chhatwal's appointment marks a return to Nestle India, where he began his career in 1989. During his initial tenure from 1989 to 2004, he developed his financial capabilities across both factory and sales operations before transitioning to other markets within the Nestle Group.

Current Responsibilities

In his current role, which he has held since 2021, Chhatwal oversees the finance function across 112 countries. His responsibilities include:

• Spearheading strategy
• Managing performance
• Overseeing financial governance in one of the Group's most diverse regions

Educational Background

Chhatwal holds a Master's degree in Business Administration from IIM Ahmedabad, further solidifying his credentials for this new role.

Board Dynamics

The appointment was made on the recommendation of Nestle India's Nomination and Remuneration Committee. Chhatwal is not related to any existing director of the company, ensuring an independent perspective on the board.

This strategic appointment aligns with Nestle India's commitment to strengthening its leadership team with experienced professionals. Chhatwal's extensive background in finance and his global experience within the Nestle Group are expected to bring valuable insights to Nestle India's board as the company continues to navigate the dynamic Indian market.

Nestle India , a leading food and beverage company, has unveiled plans to reduce its workforce by 6% as part of a broader global organizational restructuring initiative. This move comes in response to evolving global market dynamics and operational challenges faced by the company.

Workforce Reduction Details

The company's decision to trim its workforce is a significant development in its operational strategy. Here are the key points of the announcement:

Implications and Context

This workforce reduction strategy by Nestle India reflects the company's efforts to adapt to changing market conditions and optimize its operational structure. While the specific details of how this reduction will be implemented across various departments or regions have not been disclosed, it's clear that the decision is part of a larger global strategy.

The move by Nestle India, a subsidiary of the global Nestle S.A., underscores the interconnected nature of multinational corporations and how global trends can impact local operations. It's important to note that such restructuring efforts often aim to enhance efficiency and maintain competitiveness in a rapidly evolving business landscape.

Looking Ahead

As Nestle India moves forward with this workforce reduction plan, stakeholders will be watching closely to see how it affects the company's operations, market position, and financial performance. The implementation of this strategy and its impact on Nestle India's productivity and market standing will likely become clearer in the coming months.

It's crucial to remember that while workforce reductions can be challenging, they are often part of broader strategies aimed at long-term sustainability and competitiveness in the global market. How Nestle India manages this transition and communicates with its employees and stakeholders will be key to navigating this period of change.