By Dean Seal


The chief executive of Nestlé's European business is set to retire this summer and be succeeded by the current chief of Nespresso.

Nestlé said Thursday that Chief Executive Zone Europe Marco Settembri intends to step down on June 30.

Guillaume Le Cunff, the current chief executive of Nespresso, will take over as CEO Zone Europe on July 1.


Write to Dean Seal at dean.seal@wsj.com


(END) Dow Jones Newswires

04-18-24 1349ET