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8th-Nov-2019 17:37Source: BSE

Nestle India - Outcome of Board Meeting

Nestle India - The Board of Directors of the Company at its meeting held on 8th November, 2019, inter alia, has approved

a) Unaudited financial results of the Company for the quarter and nine months ended 30th September, 2019; and

b) On the recommendation of the Nomination and Remuneration Committee, appointed Mr. David McDaniel, as Whole-time Director, designated as ''Executive Director - Finance & Control and Chief Financial Officer'' with effect from 1st March, 2020, for a term of five years, subject to requisite approvals, in place of Mr. Shobinder Duggal, whose term as Whole-time Director of the Company ends on 31st December, 2019.

Further, the Board of Directors approved continuation of Mr. Shobinder Duggal as the Chief Financial Officer of the Company upto 29th February, 2020.

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