Saturday, November 24, 2007

Black CEO Emerges for Nestle Waters

All hail John J. Harris!! He currently is the CEO of Nestlé Purina Europe and has been recenty promoted to the position of CEO of Nestlé Waters (brands such as Perrrier and Poland Springs) and executive vice president of Nestlé S.A. Mr. Harris will assume responsibility in the Paris location and will be operating with $8.9 billion in sales when CEO Carlo Donati retires, which is planned for December 1, 2008.

Nestlé stock is at an all-time high at $455, based on the success of the Nestlé Waters division. In North America, the Pure Life water brand saw sales jump more than 10% to reach $4.8 billion.

Harris says "I am very excited about the opportunity to work in a dynamic growth category. Water will become more important in the future as we look at ways to combat the growing obesity problem, especially among young people."
He plans to expand products in Africa, China and the Middle East.

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