Nestlé Malaysia appoints new CEO in December


Nestlé (M) Bhd has announced the appointment of Juan Aranols as its new CEO with effect from Dec 1, 2018, to replace Alois Hofbauer.

Aranols is currently the CFO for the Nestlé Group’s Zone Asia, Oceania and Sub-Saharan Africa, said Nestlé Malaysia in a statement yesterday.

During his 28-year tenure with the Nestlé Group, Aranols has held roles of increasing responsibility across a number of different markets in Europe and Latin America.

The food and beverage manufacturer said Hofbauer, who has been Nestlé Malaysia’s CEO for the last 51⁄2 years, had decided to leave the group to pursue other interests outside the company.

“I am proud that my team and I have established Nestlé Malaysia as one of the top performing companies on Bursa Malaysia. We reignited growth and achieve solid results year after year.

“I am confident that this success will continue, and I wish Aranols all the best in his new role,” said Hofbauer. — Bernama