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Senior management change at Nestle India
Sandeep Sethi began his career at PwC and went on to work across DLF Cements and Cereal Partners Worldwide.
As per a stock exchange portal, the above movement is consequential to the transfer of the NBS Division to Nestlé Business Services India Private Limited, a joint subsidiary, with effect from July 1, 2024, as approved by the Board of Directors of the Company on February 7, 2024.
Nestle India announced a senior management change on July 1. The company said thatSandeep Sethi, who was the Head of Nestlé Business Services (NBS) Division will now be leading Nestlé Business Services India Pvt. Ltd, a fellow subsidiary of Nestlé India Limited.
The movement is consequent upon transfer of NBS Division to Nestlé Business Services India Private Limited, a fellow subsidiary, with effect from 1st July 2024, as approved by the Board of Directors of the Company on February 7, 2024.
Sethi began his career at PwC and went on to work across DLF Cements and Cereal Partners Worldwide.
In February 2024, Nestle India announced that it had entered into a slump sale agreement for its NBS Division with Purina PetCare India, a wholly-owned subsidiary of Nestlé S.A. It was set to be effective from July 1, 2024, subject to customary closing conditions. The deal was valued at Rs 798 million.
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