Nestlé has announced changes to its executive leadership team.
The company has appointed Jeff Hamilton, currently leading Purina PetCare Zone Europe, as the new CEO of Nestlé’s Zone Americas region, effective July. Hamilton will succeed Steve Presley, who is retiring at the end of April after a long tenure with the company.
In his new role, Hamilton will be responsible for overseeing Nestlé’s operations in various regions, including the U.S. which has faced challenges in categories like frozen food. Last year, the company merged its Latin America and North America units as part of a restructuring following Laurent Freixe assuming the role of Nestlé’s CEO.
“Jeff has consistently delivered outstanding results and shown an exceptional ability to lead and motivate his teams,” stated Freixe. “We are excited to collaborate with Jeff to drive growth in Zone AMS.\”
Hamilton started his career at Purina in the U.S. as a sales representative in 1991 and has since held various leadership positions globally.
Nestlé reported first-quarter sales of $27.3 billion, representing a 2.3% increase, attributed to price hikes in chocolate and coffee products.
In North America, Nestlé noted flat sales during the period amidst a challenging economic landscape and uncertain consumer sentiment. The company managed to gain market share in several categories and reduce losses in frozen foods and coffee creamers.
Nestlé has emphasized increased marketing for key brands while focusing on innovation to make strategic bets on high-potential products. However, rising commodity costs and consumer reluctance to spend due to inflation and trade uncertainties have posed challenges.