Svetlana Boldina recommended for the position of ED – finance & control and CFO, succeeding McDaniel.
David Steven McDaniel will soon step down as executive director, finance and control, and chief financial officer from March, 2023. He will be taking up a new responsibility with a Nestlé branch, said Nestlé India
A recommendation to make Svetlana Boldina the ED – finance & control and CFO, succeeding McDaniel has been made with effect from 1st March, 2023. She currently serves as Nestlé Indonesia’s Head of Finance and Control.
With a concrete performance history within the Nestlé Group, she is having a well-built background in operations. Svetlana Boldina is a Russian national who has worked for Nestlé in Indonesia, Eastern Europe, and Russia.
Having worked for 16 years at the global leading FMCG multinational, she is a seasoned professional with over 20 years of demonstrated management experience across number if industries.
A few days ago, Nestlé CEO Mark Schneider had announced plans to invest Rs 5,000 crore in India in coming years by 2025. The move will let the company to boost its core business strength in the country and explore new opportunities for growth.