Nestlé announces retirement of Magdi Batato and Stephanie

Retirement







[Ad hoc announcement pursuant to Art. 53 LR]

This press release is also available in French (pdf) and German (pdf).

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Vevey/Switzerland, May 23, 2023

Nestlé announces the retirement of Magdi Batato, appointing Stephanie Prings-Hart as next head of operations

Magdy Batat, Executive Vice President and Head of Operations, will make a well-deserved retirement in early 2024 after an illustrious career at Nestlé for more than 30 years. He has played various roles across his three different continents. In his current role, Magdi Batato is responsible for running hundreds of Nestlé factories around the world. He oversees Nestlé’s procurement and logistics areas and leads Nestlé’s sustainability efforts.

Stephanie Prings Hart, currently Senior Vice President of Operations at Warby Parker, will return to Nestlé as Vice President of Operations effective 1 July 2023. After her transition period, she will assume her operational responsibility and become an executive officer by January 1, 2024.

At Warby Parker, Stephanie Pullings Hart is responsible for manufacturing, supply chain and customer experience. Prior to joining Warby Parker, Stephanie Pullings Hart served as Senior Vice President of Global Operations for Beyond Meat, where she transformed the company’s manufacturing and supply chain activities and achieved significant increases in sales. . Stephanie Prings Hart has spent her 23-year career at Nestlé until 2018, having successfully held roles of increasing responsibility in manufacturing, factory management, supply chain, research and development and human resources. She has worked in several of our businesses across multiple continents.

CEO Mark Schneider said: “On behalf of our Board of Directors and Executive Board, I would like to express our sincere gratitude to Mr. Magdi for his significant contributions to Nestlé. “At the same time, I am delighted to have Stephanie back at Nestlé. Her strong entrepreneurial spirit combined with her digital experience makes her an ideal candidate to lead us forward. has become a leader. Welcome back, Stephanie! “


contact address:

media:
Christoph Meyer Phone: +41 21 924 2200
mediarelations@nestle.com

Investor:
Luca Borlini Phone: +41 21 924 3509
ir@nestle.com



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