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Peter Brabeck Letmathe

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Nationality  Austrian
Term  2005–present
Occupation  Businessman
Successor  Incumbent
Years active  1965–present
Name  Peter Brabeck-Letmathe
Title  Chairman of Nestle

Peter Brabeck-Letmathe httpsfarm4staticflickrcom31582645498717161
Born  13 November 1944 (age 71) (1944-11-13) Villach, Austria
Alma mater  Vienna University of Economics and Business
Similar People  Paul Bulcke, Henri Nestle, Urs Rohner, Erwin Wagenhofer, Jean Ziegler

Peter brabeck letmathe tent talk


Peter Brabeck-Letmathe (born 13 November 1944) is an Austrian businessman. He is the chairman emeritus, former chairman and CEO of the Nestlé Group, and former chairman of Formula One.

Contents

Peter Brabeck-Letmathe idw Image for NestlPrsident Peter BrabeckLetmathe

A conversation with peter brabeck letmathe


Early life

Peter Brabeck-Letmathe Peter BrabeckLetmathe Nestl Global

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

Peter Brabeck-Letmathe Peter BrabeckLetmathe Wikipedia the free encyclopedia

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 Business Group encompassing food, Buitoni pasta, chocolate and confectionery, ice cream, pet food, as well as industrial products (aromas). At the same time, he had worldwide responsibility for marketing, communications and public affairs. In particular, during his time as executive vice-president, he conceived and implemented the unique branding policy of Nestlé, characterized by a strict hierarchy of strategic brands on the global, regional and local level.

CEO of Nestlé

Peter Brabeck-Letmathe Peter BrabeckLetmathe Nestle Head sceptical about health

On 5 June 1997, he was elected to the board of directors, and appointed chief executive officer of Nestlé S.A. On 6 April 2001, the board of directors elected him as vice-chairman, and in April 2005, chairman of the board.

Peter Brabeck-Letmathe Nestl Chairman Peter BrabeckLetmathe Flickr Photo

In 2008, Brabeck-Letmathe stepped down as CEO.

Views on water charges

Brabeck-Letmathe (credited as Peter Brabeck) appeared in the 2005 documentary We Feed the World and while speaking on the subject of water, he said "It’s a question of whether we should privatize the normal water supply for the population. And there are two different opinions on the matter. The one opinion, which I think is extreme, is represented by the NGOs, who bang on about declaring water a public right. That means that as a human being you should have a right to water. That’s an extreme solution. The other view says that water is a foodstuff like any other, and like any other foodstuff it should have a market value." He added, "Personally, I believe it's better to give a foodstuff a value so that we're all aware it has its price, and then that one should take specific measures for the part of the population that has no access to this water." Following controversy on social media about these remarks, he stated that he does believe that water for basic hygiene and drinking is indeed a human right. He went on to say that his remarks were intended to address overconsumption by some while others suffered from lack of water and further that his remarks were taken out of context by the documentary.

Other responsibilities

Brabeck-Letmathe is on the board of directors of Credit Suisse Group, L'Oréal, and ExxonMobil. He is also a member of ERT (European Round Table of Industrialists) and a member of the foundation board of the World Economic Forum. His earnings in 2006 were approximately 14 million Swiss francs (9 million Euro).

References

Peter Brabeck-Letmathe Wikipedia


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