Juan Aranols will be the new chief executive officer of Nestl
KUALA LUMPUR: A veteran with the Nestle Group, Juan Aranols will be the new chief executive officer of Nestlé (Malaysia) Bhd with effect from Dec 1, 2018.
He will take over from the current CEO, Alois Hofbauer, who has decided to leave the Nestlé Group to pursue other interests outside the company.
Aranols is the chief financial officer (CFO) for the Nestlé Group’s Zone Asia, Oceania and Sub-Saharan Africa (Zone AOA).
He joined the Nestlé Group in 1990 as an auditor for Nestlé Spain. In his 28 years with the company he has held roles of increasing responsibility across a number of different markets in Europe and Latin America.
He has worked for the last six years at Nestlé global headquarters, first as global group controller and since 2015 in his current role as CFO and member of the senior management team for Zone AOA.
“Nestlé Malaysia is a company with a long history and great future prospects. I am both humbled and excited to be given the opportunity to take this organisation forward, building on the strong foundations laid by my predecessor and his team,” said Aranols.
Hofbauer who has been CEO of Nestlé Malaysia for the last five and a half years, said he was proud that his team and him have established Nestlé Malaysia as one of the top performing companies on the Bursa Malaysia.
“We reignited growth and achieved solid results year after year. I am confident that this success will continue, and I wish Juan all the best in his new role,” he said.
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