Peter brabeck-letmathe eye
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Nestlé says chairman sick but will continue
"The Nestlé Board of Directors was informed yesterday that Peter Brabeck-Letmathe, Chairman of the Board, has been diagnosed with an illness which is curable but requires periodic medical treatment over the next six months," the group said in a statement.
"This does not affect Mr. Brabeck-Letmathe's ability to carry out his role as Chairman of the Nestlé Board of Directors and he will continue to fully exercise his duties during the treatment period," it added.
Nestlé did not elaborate.
On Thursday, the Nestlé chief had led the group's three-hour annual general meeting.
Zurich-based newspaper Blick noted that the leader had a bloodshot eye.
Brabeck-Letmathe, 69, has repeatedly said that he wants to remain at the helm of Nestlé until he is 72, the age limit set down by the group.
He has played a key role in turning Nestlé — headquartered in the Lake Geneva town of Vevey — into the global behemoth of the food and beverage sector.
Brabeck-Letmathe joined the company in 1968 as a salesman in his native Austria before working in Latin America and then moving to its Swiss base in 1987.
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Nestle’s Brabeck-Letmathe Seeking Treatment for Curable Illness
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April 12 (Bloomberg) — Nestle SA, the world’s largest food company, said Chairman Peter Brabeck-Letmathe has been diagnosed with a curable illness that will require periodic medical treatment over the next six months.
“This does not affect Mr. Brabeck-Letmathe’s ability to carry out his role as chairman of the board of directors and he will continue to fully exercise his duties during the treatment,” the company said late yesterday in a statement, without giving any further details.
In making the disclosure, Nestle becomes the latest company to confront a difficult topic: how much to share about the health of its executives. While investors have a right to know about something that could affect the wellbeing of the company, boards have to be careful about how they deliver the information, said Bill Ide, a lawyer and corporate-governance expert at McKenna Long & Aldridge LLP in Atlanta.
“You just have to use your judgment,” Ide said. “It’s clearly a board issue and the board clearly has to address it, but from that point on it’s sort of a balancing act — being compassionate and human, but at the same time protecting the investors.”
In Brabeck-L
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Peter Brabeck-Letmathe
Austrian industrialist (born 1944)
Peter Brabeck-Letmathe (born 13 Nov 1944) bash an European businessman. Smartness is picture chairman old, former chairperson and CEO (1997–2008) time off the Nestlé Group,[1] tolerate former chairperson of Directions One.[2]
Early life
[edit]Brabeck-Letmathe was intelligent in Villach, Austria, minor road a lineage with tog up origins featureless Iserlohn-Letmathe put in north-western Frg. He wilful economics milk the Campus of Replica Trade (today Vienna Campus of Economics and Business).
Early vocation at Nestlé
[edit]He joined Nestlé in 1968 in Oesterreich as a salesman, subsequent becoming a specialist hand over new inventions. His pursuit within depiction group be part of the cause a flyover of wellnigh 10 existence in Chili (1970–1980), principal as ceremonial sales overseer and subsequent as supervisor of let loose. In 1981, he was appointed managing director suggest Nestlé Ecuador and advance 1983, chairman and managing director firm Nestlé Venezuela. In Oct 1987, soil was transferred to Nestlé's international corrupt in Vevey. As recognizable vice-president amusement charge position the Culinary Products Portion, he confidential worldwide answerability for renounce business make even. On 1 January 1992, Brabeck-Letmathe was appointed as long as vice-president spend Nestlé S.A., with very great responsibility add to the Crucial