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Amid Maggi row, Nestle's India CEO Etienne Benet steps down

Suresh Narayan, who is currently Chairman and CEO, Nestle Philippines, will officially take over India operations for the company on August 1.

BT Online Bureau | July 24, 2015 | Updated 18:19 IST
Outgoing Nestle India CEO Etienne Benet
Outgoing Nestle India CEO Etienne Benet (Photo: Reuters)

Even as Nestle India continues to battle the ban on Maggi , the company's India CEO, Etienne Benet has decided to step down on July 25.

The company, in a filing to the Bombay Stock Exchange, said Suresh Narayan, who is currently Chairman and CEO, Nestle Philippines, will officially take over India operations on August 1. Until then, he will function as a designate.

Benet, meanwhile, will relocate to Nestle Group Head Office in Switzerland.

In June, the food safety regulator ordered Nestle to withdraw Maggi noodles after some samples were reportedly found to contain higher-than-permissible levels of lead-a finding that was rejected by the company, saying its own independent tests suggested otherwise.

 

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