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Nestle nominates former SNB head Thomas Jordan to its board as part of a governance overhaul

Nestle nominated former SNB chief Thomas Jordan to its board today. The firm is also overhauling governance to stabilize after recent leadership changes.

Insights:
Nestlé S.A. announced today a proposal to elect former Swiss National Bank Chairman Thomas Jordan and The Procter & Gamble Company executive Fatima Francisco to the Nestle board of directors. The nominations are part of a planned overhaul of corporate governance for the company, which is headquartered in Switzerland CHCH.
The Nestle logo is seen at one of its plants in Konolfingen, Switzerland, September 28, 2020. REUTERS/Arnd Wiegmann
The Nestle logo is seen at one of its plants in Konolfingen, Switzerland, September 28, 2020. REUTERS/Arnd Wiegmann
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