# Nestle hires LSEG’s Anna Manz as CFO Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2023-05-30 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: Nestle appoints LSEG's Anna Manz as CFO Meta Description: Nestle, the world's largest packaged food company, announces the hiring of Anna Manz as CFO, replacing Francois-Xavier Roger. Learn more here. URL: https://financedigest.com/nestle-hires-lsegs-anna-manz-as-cfohtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2023-05-30t074811z2lynxmpej4t04ertroptp4nestle-coffee-1736813954018-compressed.jpg) # Nestle hires LSEG’s Anna Manz as CFO By Richa Naidu and Friederike Heine LONDON/BERLIN (Reuters) – Nestle, the world’s biggest packaged food company, said on Tuesday it had hired the London Stock Exchange Group’s (LSEG) finance chief Anna Manz as its new chief financial officer. Manz will replace Francois-Xavier Roger, who the company said is stepping down to “pursue new professional challenges” after eight years in the role. Nestle, whose more than 2,000 brands include Kit Kat, Haagen-Dazs and Nescafe, said Manz will join Nestle as soon as she is released from her [current duties](https://www.financedigest.com/heavy-duty-loading-spout-quantitative-market-analysis-current-and-future-trends.html "Heavy-duty Loading Spout Quantitative Market Analysis, Current And Future Trends"). She will become a member of Nestle’s executive [board](https://www.financedigest.com/94-of-financial-services-executives-believe-boards-have-bought-into-blockchain-synechron-survey-shows.html "94% of Financial Services Executives Believe Boards have bought into Blockchain, Synechron survey shows") as an executive vice president. Currently, there are five women on the 15-person board. Manz, who also spent 17 years at spirits maker Diageo, will begin her role at a time when the [consumer goods industry](https://www.financedigest.com/the-top-strategies-for-investing-in-the-consumer-goods-industry.html "The Top Strategies for Investing in the Consumer Goods Industry") is dealing with significant cost inflation and pressure on margins due to high prices for energy and other commodities. “We trust that Anna will pursue Francois’ legacy, considering her strong career at Diageo,” Vontobel analyst Jean-Philippe Bertschy said. Francois has had a [successful eight years](https://www.financedigest.com/record-volumes-ensure-successful-year-foriforce.html "Record Volumes Ensure Successful Year ForiForce") with Nestle,” Bertschy said, highlighting “costs savings of several billion over the years” and “optimization of the working capital to an unprecedented low level at Nestle” as among his achievements. [Rival Unilever Plc also said on Tuesday that CFO Graeme Pitkethly would leave](https://www.financedigest.com/russias-ochakovo-ups-soft-drink-bottling-capacity-as-western-rivals-leave.html "Russia’s Ochakovo ups soft drink bottling capacity as Western rivals leave") the consumer goods giant by the end of May 2024 after more than two decades. (Writing by Friederike Heine; Editing by Linda Pasquini and Jan Harvey) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---