Chief executive Peter Brabeck-Letmathe is the driving force behind Nestlé's efficiency drive.
Peter Brabeck-Letmathe
Chairman and Chief Executive Officer
Driver of business efficiency at Nestlé. Urged the company to spend more than $1 billion on the GLOBE (Global Business Excellence) project, to automate and integrate all of its behind-the-scenes operations, from purchasing to manufacturing to demand forecasting to distribution. Closed 38 factories, cut $1.6 billion in costs and capped technology spending at 1.9% of revenue, in the process.
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