Nestle Pakistan Limited appoints Chief Executive Officer

Karachi: Nestle Pakistan Limited informed Karachi Stock Exchange about appointment of Mr. Bruno Boris Olierhoek as Chief Executive Officer/Managing Director/Director with effect from September 1, 2015 in place of Mr. Magdi Batato.

Nestle Pakistan Limited is a public limited company incorporated in Pakistan. The foundations of the company are formed under the Companies Act, 1913 now the Companies Ordinance, 1984. The company is engaged in the business of manufacturing, processing and sale of food products. This includes imported products dairy, confectionery, culinary, coffee, beverages, infant nutrition and drinking water. The shares of the company are quoted on the Karachi and Lahore stock exchanges of Pakistan. The registered office of the company is situated in Lahore.

The company owns brands in the category of ambient dairy, chilled dairy, beverages, bottled water, culinary and food, baby food, breakfast cereals and confectionary.

The symbol “PAKT” is being used by the stock exchange for the shares of Pakistan Tobacco Company Limited.