Nestlé Malaysia appoints Juan Aranols as its new CEO

Nestlé Malaysia has appointed Juan Aranols as is new chief executive officer, effective from 1 December 2018.

Aranols currently serves as the chief financial officer for Nestlé Group’s Asia, Oceania and Sub-Saharan Africa unit, and has held various roles at Nestlé over 28 years at the company.

The company has made the appointment as its current CEO Alois Hofbauer has decided to leave Nestlé in order to “pursue other interests outside the company.”

Aranols said: “Nestlé Malaysia is a company with a long history and great future prospects.

“I am both humbled and excited to be given the opportunity to take this organisation forward, building on the strong foundations laid by my predecessor and his team”.

Hofbauer added: “I am proud that my team and I have established Nestlé Malaysia as one of the top performing companies on the Bursa Malaysia.

“We reignited growth and achieved solid results year after year. I am confident that this success will continue, and I wish Juan all the best in his new role.”