Date
12 December 2017

Nestle China chief quits for medical charity, WSJ says

The head of Nestle S.A.’s China business is leaving to join a medical charity, the Wall Street Journal reported Monday. Roland Decorvet, who has run Nestle’s Greater China business for the past three years, will join Mercy Ships, the Lausanne, Switzerland, charity which provides medical care to people aboard floating hospitals. He will join the charity at the beginning of May as managing director of its 82-bed hospital ship Africa Mercy, the report said. Decorvet, who has previously worked in Hong Kong and Taiwan, will be replaced as China market head by John Cheung, regional president of Wyeth Nutrition which Nestle acquired from Pfizer Inc. in 2012, the company was quoted as saying. Decorvet’s departure comes as Nestle sales in China, its biggest market after the United States, have slowed sharply. Sales growth in the mainland fell to 27.6 percent in local-currency terms last year, down from a 91.4 percent surge in 2012, the report said.

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