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Annual General Meeting

2020
Date: April 23, 2020
Place: Beaulieu - Lausanne, Switzerland
% represented capital: 57.8%
% represented shares entitled to vote: 80.1%
 
       

Notes

The annual review and the accounts were approved, as were the proposed dividend of CHF 2.70 per share and the planned capital reduction.

All proposals of the Board of Directors were approved with strong majorities.

The shareholders elected Ms Hanne Jimenez de Mora, Co-founder and Chairperson of management consulting company a-connect (group) ag and formerly a partner with McKinsey & Company, as a new member of the Board.

Mr Beat W. Hess did not stand for re-election to the Board after twelve years of dedicated service. On behalf of the Board, the Chairman warmly thanked Mr Hess for his highly appreciated advice and important contributions as director.

The shareholders elected the Chairman and all other members of the Board of Directors individually for a term of office until the end of the next Annual General Meeting. They also elected the members of the Compensation Committee for a one-year term.

The shareholders approved prospectively the total compensation of the Board of Directors and the Executive Board. They also accepted the Nestlé Compensation Report 2019 in an advisory vote.

Furthermore, Ernst & Young Ltd was appointed as auditors for the 2020 financial statements of Nestlé S.A. and the consolidated financial statements of the Nestlé Group.

Nestlé Chairman Paul Bulcke said: "Our Annual General Meeting at Lausanne-Beaulieu took place today as planned, although unfortunately without the presence of shareholders. I am truly sorry that we were unable to meet in person this year because of the pandemic that is affecting us all. I want to thank our shareholders for their understanding and for their continued trust and support of our company. I very much look forward to seeing them in person again next year under normal circumstances."

 

Press release

 

Voting results

 

Summary minutes of the Annual General Meeting

 

Speeches

Speeches by Chairman Paul Bulcke and CEO Mark Schneider.

 

Election of new independent director to the Board

 

Invitation

 

Report of the Board of Directors

 

Board of Directors

All biographies can be viewed in the Board of Directors section of the website (English).

 

Voting instructions

 

Documents

 

Related information

 

Contact

Share Transfer Office of Nestlé S.A.
P.O. Box 665 
CH-6330 Cham 1
Switzerland
Phone: +41 41 785 2020
Fax: +41 41 785 2024
E-Mail: [email protected]

2019
Date: April 11, 2019
Place: Beaulieu - Lausanne, Switzerland
Number of shareholders attending: 1830
% representing capital: 56.7%
% representing shares entitled to vote: 79.6%
 

 

Notes

The annual review and the accounts were approved. The shareholders further approved the proposed dividend of CHF 2.45 per share and the proposed capital reduction.

All proposals of the Board of Directors were approved with strong majorities.

The shareholders elected Dick Boer, former President and CEO of Ahold Delhaize N.V., and Dinesh Paliwal, President and CEO of Harman International Industries Inc., a subsidiary of Samsung Electronics Co., Ltd., as new members of the Board. Two directors, Jean-Pierre Roth and Ruth Oniang’o, did not stand for re-election as they have reached the age limit set out in the Board Regulations. The Board warmly thanked them for their highly appreciated services and important contributions as directors.

The shareholders elected the Chairman and all other members of the Board of Directors individually for a term of office until the end of the next Annual General Meeting.

he shareholders approved prospectively the total compensation of the Board of Directors and the Executive Board. They also accepted the Nestlé Compensation Report 2018 in an advisory vote.

In his address to the meeting, Nestlé Chairman Paul Bulcke said: "In today’s context, Nestlé’s Nutrition, Health and Wellness strategy is more relevant than ever. It clearly meets the needs and tastes of our consumers and society. It can also help address one of the major challenges we will be facing by 2050: to feed a global population of 10 billion people in a healthy and sustainable manner." He added: "This strategy is inspired by the purpose that has driven Nestlé for over 150 years: enhancing quality of life and contributing to a healthier future. We are a company that operates on the basic principle that we do business to create shared value. Value for you, our shareholders, and value for society."

Commenting on the past year, Nestlé CEO Mark Schneider said: "Our continuous efforts over the past years are bearing fruit. Organic growth and profitability improved significantly. We also took important decisions which led to a sharpening of our strategy focused on food, beverages and nutritional health products.” Speaking about the various sustainability initiatives launched last year, he highlighted Nestlé’s commitment to tackle plastic waste: "We have a strong commitment to the environment. Tackling plastic pollution is an urgent priority for us. It requires a broad set of well-coordinated actions and sustained effort. There is no simple solution to this complex problem."

 

Speeches

 

Press release

 

Invitation

 

Report of the Board of Directors

 

Nomination of two new independent directors for election to the Board

 

Board of Directors

All biographies can be viewed in the Board of Directors section of the website (English).

 

Voting instructions

 

Documents

 

Voting results

 

Summary minutes of the Annual General Meeting

 

Contact

Share Transfer Office of Nestlé S.A.
P.O. Box 665 
CH-6330 Cham 1
Switzerland
Phone: +41 41 785 2020
Fax: +41 41 785 2024
E-Mail: [email protected]

2018
 
Date: April 12, 2018
Place: Beaulieu - Lausanne, Switzerland
Number of shareholders attending: 1988
% representing capital: 54.6%
% representing shares entitled to vote: 78.2%
 

 

Notes

The annual review and the accounts were approved. The shareholders further approved the proposed dividend of CHF 2.35 per share and the proposed capital reduction.

All proposals of the Board of Directors were approved with strong majorities.

The shareholders elected Pablo Isla, CEO of Inditex; Kasper Rorsted, CEO of adidas; and Kimberly A. Ross, former CFO of Baker Hughes, as new members of the Board. Three directors, Andreas Koopmann, Steven G. Hoch, and Naïna Lal Kidwai, did not stand for re-election as they have reached the term limit. The Board warmly thanked them for their highly appreciated services and important contributions as directors.

The shareholders elected the Chairman and all other members of the Board of Directors individually for a term of office until the end of the next Annual General Meeting. Henri de Castries, lead independent director, was appointed as Vice-Chairman of the Board.

The shareholders approved prospectively the total compensation of the Board of Directors and the Executive Board. They also accepted the Nestlé Compensation Report 2017 in an advisory vote.

In his address to the meeting, Nestlé Chairman Paul Bulcke emphasized: "Nestlé's long-term orientation comes from the belief that we must constantly anticipate, adapt and invest to prepare for the future. It is through permanent innovation and by investing for the future that our company will continue to develop in a sustainable and profitable way." He also highlighted Nestlé's roots in its home country: "The relationship between Nestlé and Switzerland is deep and mutually beneficial. Nestlé will continue to ensure a good balance between its roles as a business and as a corporate citizen at the national, regional and local levels."

Nestlé CEO Mark Schneider said: "Nestlé keeps innovating and developing its product portfolio to meet changing consumer demands and lifestyles. We are acting with a great sense of urgency, but also with prudence and always in line with our nutrition, health and wellness strategy. With this approach we target faster growth and greater profitability, in line with our 2020 objectives."

 

Speeches

 

Press releases

 

Invitation

 

Report of the Board of Directors

 

Voting instructions

 

Nomination of three new independent directors for election to the Board

 

Board of Directors

All biographies can be viewed in the Board of Directors section of the website (English).

 

Documents

 

Voting results

 

Summary minutes of the Annual General Meeting

 

Contact

Share Transfer Office of Nestlé S.A.
P.O. Box 665 
CH-6330 Cham 1
Switzerland
Phone: +41 41 785 2020
Fax: +41 41 785 2024
E-Mail: [email protected]

2017
 
Date: April 6, 2017
Place: Lausanne
Number of shareholders attending: 2,706
% representing capital: 55.60%
% representing shares entitled to vote: 76.80%
 

 

Notes

The annual review and the accounts were approved and the shareholders agreed to the discharge of the Board of Directors and the Management. The shareholders further approved the proposed dividend of CHF 2.30 per share.

All proposals of the Board of Directors were approved with strong majorities. The shareholders elected the members of the Board of Directors individually, for a term of office until the end of the next Annual General Meeting.

After serving the company for almost 50 years, including 11 years as CEO and 12 years as Chairman, Peter Brabeck-Letmathe did not stand for re-election after reaching the mandatory retirement age. The Board of Directors thanked him warmly for his many years of service to Nestlé and appointed him as Chairman Emeritus. As such he will be available for advice upon request.

The Board of Directors thanked Paul Bulcke for his nine years of service as CEO of Nestlé. The shareholders elected Paul Bulcke as Chairman of the Board of Directors. They further elected Nestlé CEO Ulf Mark Schneider and Ursula M. Burns, Chairman of the Board of Xerox Corporation, as new members of the Board.

The shareholders approved prospectively the total compensation of the Board of Directors and the Executive Board in binding votes. They also accepted the Nestlé Compensation Report 2016 in a separate advisory vote.

The Board decided to appoint Henri de Castries as Lead Independent Director, who will chair Board meetings and in camera sessions when the Chairman is not present or conflicted.

In his address to the meeting, Nestlé Chairman Peter Brabeck-Letmathe said: "At a time when we are seeing more and more consolidation and drastic cost cuts in our industry, it is important to reaffirm Nestlé’s drive to create value through growth. Growth that is sustainable and profitable. In order to be able to invest for growth, particularly through innovation and renovation, we will have to increase our operational efficiency to free up the resources we need.”

He concluded: “I would like to thank the Board of Directors for their commitment, their expertise and their support. I would also like to thank you, the shareholders, for your loyalty and commitment to Nestlé. Over the past 20 years, I have had the honour and the pleasure to lead and then to chair our wonderful company. Throughout all these years, you have given me your support and your trust. I sincerely appreciate that.”

On his election as Chairman, Paul Bulcke said: “I would like to thank you for the trust you have put in me by electing me as Chairman, a great responsibility and even greater motivation. I will continue to put my experience and knowledge at the service of Nestlé, leading the Board and supporting Ulf Mark Schneider as he takes the company forward as CEO.”

After reviewing the Group’s 2016 results, Nestlé CEO Ulf Mark Schneider said: “Continuity and change. These two words describe the way forward for Nestlé. Continuity - building on the strong nutrition, health and wellness strategy of our company. Change - increasing our speed and simplifying the way we work.”

He added: “We at Nestlé believe that sustained value creation is the result of both growth and operating efficiency. These are my two priorities for the company. Together with a healthy sense of urgency, they will ensure the continued success of Nestlé. I am confident that Nestlé has what it takes to be successful: a robust strategy, unparalleled global reach, industry-leading expertise and, above all, our people - the thousands of colleagues around the world who make Nestlé.”

After reviewing the long and successful career of Peter Brabeck-Letmathe at Nestlé, Vice-Chairman of the Board Andreas Koopmann said: “For all of these achievements, Mr Chairman, allow me on behalf of the Board of Directors, the Executive Board, the employees, and – I am sure – the vast majority of shareholders present, to simply say: thank you very much.”

 

Speeches

Read the Chairman and CEO addresses:

Read the message from Andreas Koopmann, Vice-Chairman of the Board of Directors, on the occasion of Peter Brabeck-Letmathe’s end of term of office as Chairman:

 

Press release

 

Invitation

 

Report of the Board of Directors

 

Proxies and voting instructions

 

Board of Directors

All biographies can be viewed in the Board of Directors section of the website.

 

Related information

 

Voting results

 

Summary minutes of the Annual General Meeting

 

Contact

For any queries regarding the Annual General Meeting please contact:

Share Transfer Office of Nestlé S.A.
P.O. Box 665 
CH-6330 Cham 1
Switzerland
Phone: +41 41 785 2020
Fax: +41 41 785 2024
Email: [email protected]

2016
 
Date: April 7, 2016
Place: Lausanne
Number of shareholders attending: 2,853
% representing capital: 53.39%
% representing shares entitled to vote: 75.17%
 

 

Notes

The annual review and the accounts were approved and the shareholders agreed to the discharge of the Board of Directors and the Management. The shareholders further approved the proposed dividend of CHF 2.25 per share.

All proposals of the Board of Directors were approved with strong majorities.

The shareholders elected all members of the Board of Directors individually, for a term of office until the end of the next Annual General Meeting. Daniel Borel was not standing for re-election. The Board thanked him for his highly appreciated services provided to Nestlé.

The shareholders elected Peter Brabeck-Letmathe as Chairman of the Board of Directors and elected each member of the Compensation Committee individually.

The shareholders approved prospectively the total compensation of the Board of Directors and the Executive Board in binding votes. They also accepted the Nestlé Compensation Report 2015 in a separate advisory vote.

Furthermore the shareholders approved the cancellation of 76,240,000 shares repurchased under the share buy-back programme, and the reduction of the share capital to CHF 311,216,000.

In his address to the meeting Nestlé Chairman Peter Brabeck-Letmathe reminded the audience that "by being a Nestlé shareholder, as well as investing in a company capable of guaranteeing you a first-rate financial return, you are also putting your faith in a company that is having a positive impact on society and in its future."

Mr Brabeck said 2015 will probably be regarded as a landmark year in matters of sustainable development, with the publication of the United Nations 'Sustainable Development Goals' for 2030. These have the potential "to make a real impact in the coming years. This is something we at Nestlé are pleased with and commit to actively contribute to”, the Chairman explained.

After reviewing the Group’s 2015 results, Nestlé CEO Paul Bulcke underlined: “We delivered this performance in 2015 while at the same time continuing to invest substantially in the future, in research and development, in our brands and our new health and nutrition platforms as well as in our organisation and our employees. In this way, we ensure that we have the right initiatives, skills and expertise to grasp the numerous opportunities around us to continue to deliver profitable growth. It is this balance between delivering today and building for the future that characterises Nestlé.”

He concluded: “We are aware of the many challenges ahead, but also of the numerous opportunities and we are organising ourselves to grasp these. All of us, the men and women who make Nestlé, we commit each day, all over the world, to continue to make Nestlé the world leader in nutrition, health and wellness.”

 

Speeches

 

Press release

 

Board of Directors

All biographies can be viewed in the Board of Directors section of the website.

 

Invitation

 

Report of the Board of Directors

 

Related information

 

Voting results

 

Contact

For any queries regarding the Annual General Meeting please contact:

Share Transfer Office of Nestlé S.A.
P.O. Box 665 
CH-6330 Cham 1
Switzerland
Phone: +41 41 785 2020
Fax: +41 41 785 2024
Email: [email protected]

2015
Date: April 16, 2015
Place: Lausanne
Number of shareholders attending: 2,446
% representing capital: 52.7%
% representing shares entitled to vote: 73.5%
 

 

Notes

The annual report and the accounts were approved and the shareholders agreed to the discharge of the Board of Directors and the Management. The shareholders further approved the proposed dividend of CHF 2.20 per share.

All proposals of the Board of Directors were approved with strong majorities.

In line with legal requirements for listed Swiss companies, the shareholders elected each member of the Board of Directors individually, for a term of office until the end of the next Annual General Meeting. Titia de Lange and Rolf Hänggi were not standing for re-election. The Board thanked them for their highly appreciated services provided to Nestlé. Shareholders elected Ruth Khasaya Oniang’o, Patrick Aebischer and Renato Fassbind as new members of the Board of Directors.

The shareholders elected Peter Brabeck-Letmathe as Chairman of the Board of Directors and elected each member of the Compensation Committee individually.

In line with the new Swiss corporate law, the shareholders approved prospectively the total compensation of the Board of Directors and the Executive Board in binding votes. They also accepted the Nestlé Compensation Report 2014 in a separate advisory vote. Furthermore, the shareholders approved the cancellation of 36'400'000 shares repurchased under Nestlé’s ongoing share buy-back programme, and the reduction of the share capital to CHF 318'840'000.

In his address to the meeting, Nestlé Chairman Peter Brabeck-Letmathe highlighted the legal insecurity resulting from various Swiss political decisions. In particular, he mentioned the new Swiss company law proposal which includes yet again a new compensation regulation, a quota of women for executive boards and a special procedural law for the economy. He concluded: “Given the challenges that the country is currently facing, it is all the more unsettling that this is all happening in an area in which Switzerland is doing rather well. It is high time it was ensured that all new legislation is in fact necessary, meaning there should be checks as to whether there is an urgent need for regulation and that it is proportionate, or in other words: whether it stands up to a detailed cost-benefit analysis. […] What we need is a political and legal environment in Switzerland that guarantees our company a stable framework. In the past, this was always one of the major assets of this country and we should do everything we can to preserve it.”

 

Speeches

 

News release

 

Board of Directors

All our biographies can be viewed in the Board of Directors section of the website.

 

Invitations

 

Report of the Board of Directors

 

Corporate governance report 2014 (including Compensation Report and Articles of Association)

 

Voting results

 

Contact

For any queries regarding the Annual General Meeting please contact:

Share Transfer Office of Nestlé S.A.
P.O. Box 665 
CH-6330 Cham 1
Switzerland
Phone: +41 41 785 2020
Fax: +41 41 785 2024
Email: [email protected]

2014
Date: April 10, 2014
Place: Lausanne
Number of shareholders attending: 2708
% representing capital 47.26%
% representing shares entitled to vote: 66.31%
 

 

Notes

The annual report and the accounts were approved and the shareholders agreed to the release of the Board of Directors and the Management. The Nestlé Compensation Report was accepted in a separate advisory vote, in line with the Swiss Code of Best Practice for Corporate Governance. The shareholders further approved the proposed dividend of CHF 2.15 per share. Lastly, the shareholders approved the amendment of the Articles of Association, revised in line with new legal requirements for listed Swiss companies.

All proposals of the Board of Directors were approved with strong majorities.

In line with new legal requirements for listed Swiss companies, the shareholders elected each member of the Board of Directors individually, for a term of office until the end of the next Annual General Meeting. Jean-Pierre Meyers was not standing for re-election. The Board thanked him for his highly appreciated services provided to Nestlé over the past 23 years. Furthermore, the shareholders elected Peter Brabeck-Letmathe as Chairman of the Board of Directors and elected each member of the Compensation Committee individually.

In his address to the meeting, Nestlé Chairman Peter Brabeck-Letmathe highlighted the consequences of the “Minder Initiative” on the governance of Swiss companies. These include the increased influence of shareholders, in particular in relation to compensation, and the greater accountability of the Chairman and the members of the Compensation Committee, who are now elected directly by shareholders. Other consequences, however, were unintended, such as the transfer of power from Boards of Directors with a strong Swiss presence to more international shareholders and proxy advisers. “In our case, almost two-thirds of our shares with voting rights are held by persons who are domiciled outside Switzerland. Therefore, for most of the Swiss multinationals, the new legislation will mean a not insignificant transfer of power abroad”, he said.

 

Speeches

 

Invitation

 

Board of Directors

All our biographies can be viewed in the Board of Directors section of the website.

 

Report of the Board of Directors

 

Articles of Association

 

Voting results

 

Related information

 

Contact

For any queries regarding the Annual General Meeting please contact:

Share Transfer Office of Nestlé S.A.
P.O. Box 380
CH-6330 Cham
Switzerland
Phone: +41 41 785 2020
Fax: +41 41 785 2024
Email: [email protected]

2013
Date: April 11, 2013
Place: Lausanne
Number of shareholders attending: 2998
% representing capital 49.78%
% representing shares entitled to vote: 70.64%
 

 

Notes

The annual report and the accounts were approved and the shareholders agreed to the release of the Board of Directors and the Management. The Nestlé Compensation Report was accepted in a separate advisory vote, in line with the Swiss Code of Best Practice for Corporate Governance. The shareholders further approved the proposed dividend of CHF 2.05 per share. All proposals of the Board of Directors were approved with strong majorities.

Shareholders re-elected Mr Peter Brabeck-Letmathe, Mr Steven G. Hoch, Ms Titia de Lange and Mr Jean-Pierre Roth to the Board, each for a further term of three years, and elected Ms Eva Cheng as a new member of the Board for a three-year term. Ms Cheng is the former Corporate Executive Vice President responsible for Greater China and Southeast Asia Region of Amway Corporation, a U.S. based global consumer product company. Mr André Kudelski who had reached the end of his third term was not standing for re-election. The Board thanked him for his highly appreciated services provided to Nestlé over the past twelve years.

At the meeting, Nestlé Chairman Peter Brabeck-Letmathe highlighted Nestlé’s commitment to Switzerland: “Nestlé’s production in Switzerland accounts for roughly 5% of global turnover, of which nearly 80% is exported. Of our 339,000 employees worldwide, more than 10,000 are employed in Switzerland. This modest share should not belittle the fact that over the last ten years, we have created 3,500 jobs in Switzerland, at a time when employment in the food industry has been stagnant. We have invested significantly here in this country, more than CHF 3.2 billion over the last ten years. More than 60% of our worldwide R&D expenditure is in Switzerland.”

 

Agenda

 

Speeches

Read the Chairman and CEO addresses.

 

Board of Directors

All our biographies can be viewed in the Board of Directors section of the website.

  • Elected: Ms Eva Cheng
  • Re-elected: Mr Peter Brabeck-Letmathe, Mr Steven G. Hoch, Ms Titia de Lange and Mr Jean-Pierre Roth
 

Summary of voting results

 

Summary minutes of the AGM

 

Related information

 

Contact

For any queries regarding the Annual General Meeting please contact:

Share Transfer Office of Nestlé S.A.
P.O. Box 380
CH-6330 Cham
Switzerland
Phone: +41 41 785 2020
Fax: +41 41 785 2024
Email: [email protected]

2012
Date: April 19, 2012
Place: Lausanne
Number of shareholders attending: 2689
% representing capital 39.689%
% representing shares entitled to vote: 61.134%
 

 

Notes

The annual report and the accounts were approved and the shareholders agreed to the release of the Board of Directors and the Management. The Nestlé Compensation Report was accepted in a separate advisory vote, in line with the Swiss Code of Best Practice for Corporate Governance. The shareholders further approved the proposed dividend of CHF 1.95 per share, and agreed to the capital reduction. All proposals of the Board of Directors were approved with strong majorities.

Shareholders re-elected Mr Daniel Borel to the Board for a further term of three years and elected Mr Henri de Castries as a new member of the Board for a three-year term. Mr de Castries is the Chairman and Chief Executive Officer of the AXA Group. He had a distinguished career in the French Finance Ministry before taking on several important executive roles within the AXA Group. The Board thanked Ms Carolina Müller-Möhl and Mr Jean-René Fourtou, who were not standing for re-election, for their highly appreciated services provided to Nestlé over the past years. 

At the meeting, Nestlé Chairman Peter Brabeck-Letmathe highlighted Nestlé’s constant strong performance over time: “Our growth drive has not once been interrupted in spite of a very difficult external environment. Over the last years, Nestlé has created CHF 85 billion of additional shareholder value.” He also underlined that Nestlé today is the largest company by sales and market capitalisation in the fast moving consumer goods industry worldwide.

 

Agenda

 

Board of Directors

All biographies can be viewed in the Board of Directors section of the website.

  • Re-elected: Mr Daniel Borel
  • Elected: Mr Henri de Castries
 

Summary of voting results

 

Summary minutes of the AGM

 

Shareholder survey

 

Speeches (Transcripts)

 

Related information

 

Contact

For any queries regarding the Annual General Meeting please contact:

Share Transfer Office of Nestlé S.A.
P.O. Box 380
CH-6330 Cham
Switzerland
Phone: +41 41 785 2020
Fax: +41 41 785 2024
Email: [email protected]

2011
Date: April 14, 2011
Place: Lausanne
Number of shareholders attending: 2659
% representing capital 37.065%
% representing shares entitled to vote: 59.868%
 

Notes

The annual report and the accounts were approved and the shareholders agreed to the release of the Board of Directors and the Management. The Nestlé Compensation Report was accepted in a separate advisory vote, in line with the Swiss Code of Best Practice for Corporate Governance. The shareholders further approved the proposed dividend of CHF 1.85 per share, an increase of 15.6 percent over last year, and agreed to the capital reduction. All proposals of the Board of Directors were approved with strong majorities.

Shareholders re-elected Messrs. Paul Bulcke, Andreas Koopmann, Rolf Hänggi, Jean-Pierre Meyers, Mrs Naina Lal Kidwai and Mr Beat Hess for further terms of three years to the Board. The Annual General Meeting further elected Ms Ann Veneman as a new member of the Board for a three-year term.

 

Agenda

 

Board of Directors

All biographies can be viewed in the Board of Directors section of the website.

Re-elected:

Paul BULCKE
Andreas KOOPMANN
Rolf HÄNGGI
Jean-Pierre MEYERS
Naïna LAL KIDWAI
Beat HESS

Elected:

Ann VENEMAN

 

Speeches (Transcripts)

 

Related information

 

Summary of AGM voting results

 

Summary minutes of the Annual General Meeting

 

Contact

For any queries regarding the Annual General Meeting please contact:

Share Transfer Office of Nestlé S.A.
P.O. Box 380
CH-6330 Cham
Switzerland
Phone: +41 41 785 2020
Fax: +41 41 785 2024
Email: [email protected]

2010
Date: April 15, 2010
Place: Lausanne
Number of shareholders attending: 2640
% representing capital 34.836%
% representing shares entitled to vote: 56.762%
 

Notes

The annual report and the accounts were approved and the shareholders agreed to the release of the Board of Directors and the Management. The Nestlé Compensation Report was accepted in a separate advisory vote, in line with the Swiss Code of Best Practice for Corporate Governance. The shareholders further approved the proposed dividend increase to CHF 1.60 per share, an increase of 14.3 percent over last year, and agreed to the capital reduction. All proposals of the Board of Directors were approved with strong majorities.

Shareholders re-elected Messrs. Peter Brabeck-Letmathe, Steven G. Hoch and André Kudelski for further terms of three years. Mr Jean-René Fourtou, due to the age limit set out in the Board Regulations, was re-elected for a two-year term. The Annual General Meeting further elected Ms Titia de Lange and Mr Jean-Pierre Roth as new members of the Board, each for a three-year term.

 

Agenda

 

Board of Directors

All biographies can be viewed in the Board of Directors section of the website.

Elected:
Titia de LANGE
Jean-Pierre ROTH

Re-elected:
André KUDELSKI
Jean-René FOURTOU
Steven G. HOCH
Peter BRABECK-LETMATHE

 

Speeches (Transcripts)

 

Related information

Corporate Governance Report 2009 including Compensation Report 2009 (pdf, 312 Kb)

 

Shareholder survey

 

Detailed voting results

 

Contact

For any queries regarding the Annual General Meeting please contact:

Share Transfer Office of Nestlé S.A.
P.O. Box 380
CH-6330 Cham
Switzerland
Phone: +41 41 785 2020
Fax: +41 41 785 2024
Email: [email protected]

2009
Date: April 23, 2009
Place: Lausanne
Number of shareholders attending: 2576
% representing capital 50.78%
% representing shares entitled to vote: 52.84%
 

Notes

The annual report and the accounts were approved and the shareholders agreed to the release of the Board of Directors and the Management.

 

Shareholder survey

After the event a questionnaire was submitted to the shareholders present to ask for their input on the current set-up and possible improvements to the Annual General Meeting, in line with our shareholders’ interests.

Read the key conclusions of the shareholder survey:

 

Nestlé Compensation Report

For the first time at an Annual General Meeting the Nestlé Compensation Report was submitted for acceptance in a separate advisory vote, in line with the Swiss Code of Best Practice for Corporate Governance. The shareholders further approved the proposed dividend increase to CHF 1.40 per share, an increase of 14.8 percent over last year, and agreed to the capital reduction. All proposals of the Board of Directors were voted with strong majorities.

 

Lord George

It was with sadness and regret that Nestlé Chairman Peter Brabeck-Letmathe informed shareholders at the Annual General Meeting of the untimely death of Lord George, Member of the Board of Directors, on 18 April 2009. Lord George was first elected to the Nestlé Board of Directors in 2004 and he was due to retire at the end of his present term in 2011. His expertise, judgement and wisdom were respected throughout the academic, economic and political world and immensely valued by Nestlé.

 

Board of Directors

Shareholders re-elected Carolina Müller-Möhl and Daniel Borel as members of the Board of Directors for a three-year term. Due to the age limit set forth in the Board Regulations, Professor Günter Blobel did not stand for re-election. Kaspar Villiger did not stand for re-election, following his nomination to the position of Chairman of UBS. The Board extends its gratitude to Mr Villiger and Professor Blobel for their highly appreciated services as members of the Board and its committees.

 

Strategy

At the meeting, Nestlé Chairman Peter Brabeck-Letmathe said: “In this period of economic and social turbulence, a strong, long-term orientation, clear strategies and disciplined implementation based on solid values are more important than ever. It is our firm conviction that in order to create sustainable value for our company, we must create value for society as a whole. Indeed, next Monday, we will be presenting our concept of Creating Shared Value at a high-level forum in New York.” Nestlé CEO Paul Bulcke added: “We believe that our strategy places us in a good position, and is all the more appropriate in difficult times. Not only does it give us excellent defensive characteristics, it also creates a platform for profitable growth that has proven itself to be one of the most vigorous in the industry. This will continue to guide and inspire our success through the present economic downturn.”

 

Committees

For the year to come, the Board and its different Committees will be composed as follows:

Board of Directors
Peter Brabeck-Letmathe, Paul Bulcke, Andreas Koopmann, Rolf Hänggi, Daniel Borel, Jean-Pierre Meyers, André Kudelski, Carolina Müller-Möhl, Jean-René Fourtou, Steven G. Hoch, Naina Lal Kidwai, Beat Hess

Chairman's and Corporate Governance Committee
Peter Brabeck-Letmathe, Paul Bulcke, Andreas Koopmann, Rolf Hänggi, Jean-René Fourtou

Compensation Committee
Daniel Borel, Andreas Koopmann, Jean-Pierre Meyers, Jean-René Fourtou

Nomination Committee
Andreas Koopmann, Peter Brabeck-Letmathe, Carolina Müller-Möhl, Steven G. Hoch

Audit Committee
Rolf Hänggi, André Kudelski, Naina Lal Kidwai, Beat Hess

 

Agenda

 

Speeches (Transcripts)

The speeches made by Mr Brabeck-Letmathe, Chairman and Mr. Bulcke CEO, are available:
 
 

Detailed voting results

 

Contact

For any queries regarding the Annual General Meeting please contact:

Share Transfer Office of Nestlé S.A.
P.O. Box 380
CH-6330 Cham
Switzerland
Phone: +41 41 785 2020
Fax: +41 41 785 2024
Email: [email protected]

2008
Date: April 10, 2008
Place: Lausanne
Number of shareholders attending: 2570
% representing capital 34.89%
% representing shares entitled to vote: 53.28%
 

Notes

All proposals of the Board of Directors were approved with strong majorities.

 

Agenda

 

Speech (Transcript)

The speech made by Mr Brabeck, Chairman and CEO of Nestlé, is available:

 

Press release

The press release issued after the event is also available.

 

Detailed voting results

 

Contact

For any queries regarding the Annual General Meeting please contact:

Share Transfer Office of Nestlé S.A.
P.O. Box 380
CH-6330 Cham
Switzerland
Phone: +41 41 785 2020
Fax: +41 41 785 2024
Email: [email protected]

2007
Date: April 19, 2007
Place: Lausanne
Number of shareholders attending: 2405
% representing capital 48.97%
% representing shares entitled to vote: 53.28%
 

Notes

All proposals of the Board of Directors were approved with strong majorities.

 

Agenda

 

Speech (Transcript)

The speech by Peter Brabeck-Letmathe, Chairman & CEO of Nestlé:

 

Press release

The press release issued after the event

 

Detailed voting results

 

Contact

For any queries regarding the Annual General Meeting please contact:

Share Transfer Office of Nestlé S.A.
P.O. Box 380
CH-6330 Cham
Switzerland
Phone: +41 41 785 2020
Fax: +41 41 785 2024
Email: [email protected]

2006
Date: April 6, 2006
Place: Lausanne
Number of shareholders attending: 2292
% representing capital 33.66%
% representing shares entitled to vote: 52.84%
 

Notes

All proposals of the Board of Directors were approved with strong majorities.

 

Agenda

 

Board of Directors

Naina Lal Kidwai, Steven George Hoch and Jean-René Fourtou were proposed and elected as new members of the Board of Directors.

 

Speeches (Transcript)

Speech by Mr Brabecko-Letmathe, Chairman & CEO of Nestlé:

 

Press release

Press release issued after the event

 

Detailed voting results

 

Contact

For any queries regarding the Annual General Meeting please contact:

Share Transfer Office of Nestlé S.A.
P.O. Box 380
CH-6330 Cham
Switzerland
Phone: +41 41 785 2020
Fax: +41 41 785 2024
Email: [email protected]