Saturday 27 Apr 2024
By
main news image

KUALA LUMPUR (Oct 29): Nestlé (Malaysia) Bhd has appointed Craig Connolly as its new chief financial officer (CFO), effective Feb 1, 2019.

In a statement today, the company said Connolly will replace Martin Kruegel, who led Nestlé Malaysia's finance team since 2014 and will be taking on a new role as CFO of Nestlé Japan.

It said Connolly, currently the CFO of Nestlé Vietnam, will take the reins from Mr Kruegel following a handover period which will take place over the next few months.

Nestlé Malaysia chief executive officer Alois Hofbauer said Kruegel had been instrumental in helping to drive the strong performance of Nestlé Malaysia and has played a pivotal role in the smooth implementation of new organisational efficiencies.

He said Connolly's strong functional capabilities and leadership skills combined with his passion for continuous improvement make him well suited for his new position.

"The group is confident that Connolly's expertise and strong track record in accelerating growth will continue to spur Nestlé Malaysia forward," he said.

At the midday break today, Nestlé Malaysia shed 0.14% or 20 sen to RM143.60 with 14,900 shares traded.

      Print
      Text Size
      Share