Steve Presley to serve as CEO, market head of Nestlé USA
Paul Grimwood will become non-executive chairman.
Nestlé USA, part of Nestlé S.A., Vevey, Switzerland, said it named Steve Presley, currently chief finance and strategic transformation officer, to succeed Paul Grimwood as market head and CEO, effective April 1, 2018. Grimwood will transition into the role of non-executive chairman of Nestlé USA, serving in that position until May 2019.
With $9.7 billion in 2017 sales, Arlington, Va.-based Nestlé USA is the largest of eight U.S. operating companies as part of Nestlé Group. It includes iconic brands across the Baking and Global Foods, Beverage, Foods and Ice Cream divisions.