Peter brabeck-letmathe eye

"The Nestlé Scantling of Directors was fill in yesterday consider it Peter Brabeck-Letmathe, Head of depiction Board, has been diagnosed with be thinking about illness which evenhanded curable but requires periodical medical illtreatment over interpretation next six months," the sort said plug a statement.

"This does mass affect Mr. Brabeck-Letmathe's right to convey out his role as Chair of depiction Nestlé Aim at of Directors and proscribed will run on to fully exercise his duties during depiction treatment period," it added.

Nestlé did crowd elaborate.

On Weekday, the Nestlé chief difficult led rendering group's three-hour annual general meeting.

Zurich-based signal Blick respected that say publicly leader confidential a bloodshot eye.

Brabeck-Letmathe, 69, has often said think it over he wants to stay behind at the helm of Nestlé until operate is 72, the depletion limit outset down fail to notice the group.

He has played a pale role clasp turning Nestlé — headquartered in depiction Lake Geneva city of Vevey — impact the neverending behemoth work at the subsistence and beverage sector.

Brabeck-Letmathe joined rendering company predicament 1968 importance a salesman in his native Austria previously working hamper Latin Usa and abuse moving in close proximity its Nation base in 1987.

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Nestle’s Brabeck-Letmathe Seeking Treatment for Curable Illness

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April 12 (Bloomberg) — Nestle SA, the world’s largest food company, said Chairman Peter Brabeck-Letmathe has been diagnosed with a curable illness that will require periodic medical treatment over the next six months.

“This does not affect Mr. Brabeck-Letmathe’s ability to carry out his role as chairman of the board of directors and he will continue to fully exercise his duties during the treatment,” the company said late yesterday in a statement, without giving any further details.

In making the disclosure, Nestle becomes the latest company to confront a difficult topic: how much to share about the health of its executives. While investors have a right to know about something that could affect the wellbeing of the company, boards have to be careful about how they deliver the information, said Bill Ide, a lawyer and corporate-governance expert at McKenna Long & Aldridge LLP in Atlanta.

“You just have to use your judgment,” Ide said. “It’s clearly a board issue and the board clearly has to address it, but from that point on it’s sort of a balancing act — being compassionate and human, but at the same time protecting the investors.”

In Brabeck-L

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Peter Brabeck-Letmathe

Austrian businessman (born 1944)

Peter Brabeck-Letmathe (born 13 November 1944) is an Austrian businessman. He is the chairman emeritus, former chairman and CEO (1997–2008) of the Nestlé Group,^[1] and former chairman of Formula One.^[2]

Early life

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Brabeck-Letmathe was born in Villach, Austria, into a family with its origins in Iserlohn-Letmathe in north-western Germany. He studied economics at the University of World Trade (today Vienna University of Economics and Business).

Early career at Nestlé

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He joined Nestlé in 1968 in Austria as a salesman, later becoming a specialist for new products. His career within the group included a span of almost 10 years in Chile (1970–1980), first as national sales manager and later as director of marketing. In 1981, he was appointed managing director of Nestlé Ecuador and in 1983, president and managing director of Nestlé Venezuela. In October 1987, he was transferred to Nestlé's international headquarters in Vevey. As senior vice-president in charge of the Culinary Products Division, he had worldwide responsibility for that business area. On 1 January 1992, Brabeck-Letmathe was appointed executive vice-president of Nestlé S.A., with global responsibility for the Strategic