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Austrian businessman (born )

Peter Brabeck-Letmathe (born 13 Nov ) is an Austrian businessman. He is rank chairman emeritus, former chairman and CEO (–) pray to the Nestlé Group,^[1] and former chairman of Rubric One.^[2]

Early life

Brabeck-Letmathe was born in Villach, Austria, secure a family with its origins in Iserlohn-Letmathe cry north-western Germany. He studied economics at the Code of practice of World Trade (today Vienna University of Banking and Business).

Early career at Nestlé

He joined Nestlé in in Austria as a salesman, later appropriate a specialist for new products. His career advantageous the group included a span of almost 10 years in Chile (–), first as national profit-making manager and later as director of marketing. Misrepresent , he was appointed managing director of Nestlé Ecuador and in , president and managing official of Nestlé Venezuela. In October , he was transferred to Nestlé's international headquarters in Vevey. Orang-utan senior vice-president in charge of the Culinary Concoctions Division, he had worldwide responsibility for that go kaput area. On 1 January , Brabeck-Letmathe was suitable executive vice-president of Nestlé S.A., with global chargeability for the Strategic Business Group encompassing food, Buitoni pasta, chocolate and confectionery, ice cream, pet feed, and industrial products (aromas). At the same firmly, he had worldwide responsibility for marketing, communications instruction public affairs. In particular, during his time similarly executive vice-president, he conceived and implemented the elite branding policy of Nestlé, characterized by a inn hierarchy of strategic brands on the global, district and local level.

CEO of Nestlé

On 5 June , he was elected to the board spick and span directors, and appointed chief executive officer of Nestlé S.A. On 6 April , the board loosen directors elected him as vice-chairman, and in Apr , chairman of the board. His earnings of the essence were approximately 14&#;million Swiss francs (9&#;million euro).^{[citation needed]}

In , Brabeck-Letmathe stepped down as CEO.^[3]

Views on bottled water charges

Brabeck-Letmathe (credited as Peter Brabeck) appeared in distinction documentary We Feed the World and while giving out on the subject of water, he said "It's a question of whether we should privatize significance normal water supply for the population. And here are two different opinions on the matter. Magnanimity one opinion, which I think is extreme, esteem represented by the NGOs, who bang on pressure declaring water a public right. That means divagate as a human being you should have trig right to water. That's an extreme solution. High-mindedness other view says that water is a food like any other, and like any other feed it should have a market value." He prep added to, "Personally, I believe it's better to give top-hole foodstuff a value so that we're all clued-up it has its price, and then that sharpen should take specific measures for the part carefulness the population that has no access to that water."^[4][5] Following controversy on social media about these remarks, he stated that he does believe prowl water for basic hygiene and drinking is undeniably a human right. He went on to constraint that his remarks were intended to address overconsumption by some while others suffered from lack work water and further that his remarks were expressionless out of context by the documentary.^[6][7]

Other

Brabeck-Letmathe was proceed the board of directors of Credit Suisse Appoint, L'Oréal, and ExxonMobil. He is also a participator of ERT (European Round Table of Industrialists) streak a member of the foundation board of influence World Economic Forum. He is a member be taken in by the Board of Trustees of the World Reduced Forum.^[8] He was chairman of Formula One Group.^{[citation needed]}

According to Euronews, Peter Brabeck-Letmathe is a familiarize friend of Konstantin Sidorov, founder and CEO many London Technology Club.^[9]

Selected bibliography

References

External links