Nestle USA Announces New Chairman & CEO To Join Company In October

GLENDALE, Calif., Aug. 3, 2012 /PRNewswire/ -- Paul Grimwood, CEO of Nestlé UK & Ireland, has been appointed to the role of Chairman & CEO of Nestlé USA following the announcement by current Chairman & CEO Brad Alford, who is to retire in October 2012.

Grimwood has been CEO of Nestlé UK & Ireland since January 2009, and headed the Nestlé UK Confectionery business for three years prior to that. During this period, despite the difficult economic environment, Nestlé's business in the UK & Ireland delivered consistent growth in sales and profitability, and grew overall market share. Grimwood also led a major investment program to create Nestlé's next generation of world-class manufacturing operations in the UK. He joined Nestlé in 2001 in Nestlé Purina PetCare UK & Ireland.

Alford has been with Nestlé for 32 years, including nearly seven years as Chairman & CEO of Nestlé USA. He was Market Head of Nestlé Oceania and in the U.S. led many businesses during his career, including Nestlé FoodServices, Confections & Snacks and Nestlé Brands before being named to his current role in late 2005. During his tenure, Nestlé USA has grown to sales of more than $10 billion by expanding into new categories and developing new distribution systems. Nestlé USA is one of the largest markets for Nestlé S.A., headquartered in Switzerland.

About Nestlé USA
Named one of "The World's Most Admired Food Companies" in Fortune magazine for fifteen consecutive years, Nestlé provides quality brands and products that bring flavor to life every day.  From nutritious meals with Lean Cuisine^® to baking traditions with Nestlé^® Toll House^®, Nestlé USA makes delicious, convenient, and nutritious food and beverage products that make good living possible.  That's what "Nestlé. Good Food, Good Life" is all about.  Nestlé USA, with 2011 sales of $10 billion, is part of Nestlé S.A. in Vevey, Switzerland — the world's largest food company with a commitment to Nutrition, Health & Wellness — with 2011 sales of $94 billion.  For product news and information, visit Nestleusa.com or NestleNewsroom.com.

All trademarks are owned by Société des Produits Nestlé S.A., Vevey, Switzerland or are used with permission.

SOURCE Nestle USA

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