January 18, 2018 / 6:07 PM / 7 months ago

Nestle nominates three board directors to help advance strategy

LONDON (Reuters) - Nestle (NESN.S) proposed three new independent directors to its board on Thursday, as the world’s largest food company seeks to accelerate its transformation into a health-conscious company.

A Nestle logo is pictured on the company headquarters in Vevey, Switzerland, October 20, 2016. REUTERS/Denis Balibouse

Pablo Isla, chief executive of Zara-owner Inditex (ITX.MC), Adidas (ADSGn.DE) CEO Kasper Rorsted and Kimberly Ross, former chief financial officer of Baker Hughes (BHGE.N) will stand for election at Nestle’s next annual general meeting in April.

“As Nestle advances its Nutrition, Health and Wellness strategy for accelerated growth in targeted consumer products categories and for sustainable shareholder value creation, each of these nominees brings a unique depth of experience and expertise that will be directly relevant to Nestlé,” said Chairman Paul Bulcke in a statement.

Three current directors - Andreas Koopmann, Steven Hoch and Naina Lal Kidwai - will retire at the AGM.

(This version of the story has been refiled to fix Reuters Instrument Code on Inditex)

Reporting by Martinne Geller; Editing by Adrian Croft

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