Etienne Benet to take over as Nestle India Managing Director
New Delhi: FMCG major Nestle India on Friday said Etienne Benet would take over as the Managing Director of company with effect from October 1, 2013, replacing Antonio Helio Waszyk from the post.
Benet is currently the Chief Executive Officer of Nestle Central and West Africa Region, Nestle India said in a filing to the BSE.
"Antonio Helio Waszyk, Chairman and Managing Director, shall step down from the position of Managing Director with effect from October 1, 2013, to take up a new assignment within Nestle Group," it added.
He would continue to be the Non-Executive Chairman of the company, Nestle India said.
Apart from milk and yoghurt, Nestle sells popular products like Maggi noodles, Nescafe and KitKat chocolates in India. It employs around 7,000 people in the country and its products are sold in 40 lakh outlets.
Shares of Nestle India were trading at Rs 5,240.05 on the BSE in late afternoon trade, down 0.56 percent from their previous close.