The executive began his career at Nestlé in India in 1989, and after successive appointments in India, Indonesia and the company’s headquarters in Vevey, Switzerland, he was named market head of Indonesia and then the Philippines.
In 2010, he was appointed to the executive board, where he first served as global head of infant nutrition before taking on his current responsibilities.
Succession from within
Wan Ling Martello, who is currently Nestlé’s chief financial officer, will succeed Nandkishore at the so-called Zone AOA.
A Chinese American born and raised in the Philippines, Martello joined Nestlé in November 2011 from Walmart, where she had spent six years first as chief financial officer and chief strategy officer for their international business, followed by two years building Walmart's global eCommerce business.
In addition to her retail experience, she also has an extensive FMCG background, with Kraft as well as Borden Foods during its turnaround years.
Nandkishore’s ‘total commitment’
Nestlé chief executive Paul Bulcke said he respected Nandkishore's decision to retire and thank him for his service.
“I have always valued his total commitment to our company and what we stand for. We wish him all the best for his future,” said Bulcke.
“[Martello’s] vast financial and operational experience in the FMCG industry, both from the manufacturing and retail angles, make her uniquely suited to lead Zone AOA into the future."
Martello, whose replacement as CFO will be announced in due course, will take her new role on May 1, said Nestlé in a statement.
In the meantime, Bulcke will assumes the role’s responsibilities with the assistance of group accounting head Stefan Helfenstein.