Current Nestlé USA Chief Finance and Strategic Transformation Officer Steve Presley will take on the roles of Nestlé USA market head and CEO as of April 1. Presley has been with Nestlé for more than 20 years, holding a variety of positions, including vice president of finance and vice president/general manager of premium ready-to-drink beverages, president of Nestlé business services, and CFO for Nestlé USA. Presley is succeeding Paul Grimwood, who will transition from his current role, in addition to continuing to serve as Nestlé USA non-executive chairman until May 2019.
With $9.7 billion in 2017 sales, Nestlé USA is the largest of eight U.S. operating companies as part of Nestlé Group. It includes brands such as Lean Cuisine, Nestlé Toll House, DiGiorno pizza, Stouffer’s and Nescafé.