The Nestlé Board has decided to appoint Ulf Mark Schneider as the new CEO of Nestlé S.A., starting on 1 January 2017, and propose him for election to the Board of Directors at the 2017 Annual General Meeting.
Ulf Mark Schneider, 50 years old and a German and U.S. citizen, has been CEO of Fresenius Group since 2003. He is a graduate of the University of St. Gallen with both a graduate and a doctoral degree, and also holds a Harvard Business School MBA.
Fresenius, which offers high-quality products and services for dialysis, hospitals and outpatient treatments, has prospered strongly under the leadership of Mr Schneider over the past 13 years. Today, with over 220,000 employees in more than 100 countries and annual sales €28 billion, Fresenius is one of the world’s leading diversified healthcare companies.
In order to ensure a smooth hand-over phase, Mr Schneider will join Nestlé on 1 September 2016 for an introductory period.
DBV Technologies and Nestlé Health Science form collaboration to develop and commercialize a novel diagnostic test for pediatric milk allergy.
Collaboration will support DBV’s Mission to develop transformational product candidates for the care of pediatric patients suffering from food allergies
Under the terms of the agreement, DBV will develop a ready-to-use test to diagnose allergy to cow’s milk protein
DBV is eligible to receive up to €100 million in potential development, registration and commercial milestones, while granting global commercialization rights to Nestlé Heath Science.
Agreements with Nestlé were signed whereby Parmalat acquired, within the Australian territory, the Ski brand and was granted the licence for certain confectionary brands.
The consideration paid to Nestlé is approximately 16 million euros.
The acquisition from Fonterra Brands (Australia) Pty Ltd of its yogurt and dairy dessert business in Australia, including the brands Tamar Valley, Soleil, CalciYum and Connoisseur (the last two through licence agreements) and the production facilities in Echuca, Victoria, and Tamar Valley, Tasmania, is now completed.