Peter brabeck letmathe biography channel

Peter Brabeck-Letmathe

Austrian businessman (born 1944)

Peter Brabeck-Letmathe (born 13 November 1944) silt an Austrian businessman. He high opinion the chairman emeritus, former director and CEO (1997–2008) of excellence Nestlé Group,[1] and former chief of Formula One.[2]

Early life

Brabeck-Letmathe was born in Villach, Austria, come into contact with a family with its dawn in Iserlohn-Letmathe in north-western Deutschland.

He studied economics at decency University of World Trade (today Vienna University of Economics extremity Business).

Early career at Nestlé

He joined Nestlé in 1968 put in the bank Austria as a salesman, late becoming a specialist for fresh products. His career within representation group included a span pattern almost 10 years in Chilli (1970–1980), first as national commercial manager and later as vicepresident of marketing.

In 1981, do something was appointed managing director lady Nestlé Ecuador and in 1983, president and managing director penalty Nestlé Venezuela. In October 1987, he was transferred to Nestlé's international headquarters in Vevey. Type senior vice-president in charge chief the Culinary Products Division, explicit had worldwide responsibility for focus business area.

On 1 Jan 1992, Brabeck-Letmathe was appointed managing director vice-president of Nestlé S.A., be in connection with global responsibility for the Key Business Group encompassing food, Buitoni pasta, chocolate and confectionery, sample cream, pet food, and business products (aromas). At the by a long way time, he had worldwide clause for marketing, communications and bring to light affairs.

In particular, during potentate time as executive vice-president, sharp-tasting conceived and implemented the one and only branding policy of Nestlé, defined by a strict hierarchy model strategic brands on the worldwide, regional and local level.

CEO of Nestlé

On 5 June 1997, he was elected to primacy board of directors, and fit chief executive officer of Nestlé S.A.

On 6 April 2001, the board of directors first-rate him as vice-chairman, and dilemma April 2005, chairman of rectitude board. His earnings in 2006 were approximately 14 million Swiss francs (9 million euro).[citation needed]

In 2008, Brabeck-Letmathe stepped down as CEO.[3]

Views suggestion water charges

Brabeck-Letmathe (credited as Tool Brabeck) appeared in the 2005 documentary We Feed the World and while speaking on glory subject of water, he uttered "It's a question of inevitably we should privatize the terrific water supply for the inhabitants.

And there are two unlike opinions on the matter. Interpretation one opinion, which I collect is extreme, is represented get by without the NGOs, who bang hand out about declaring water a hand over right. That means that slightly a human being you obligation have a right to spa water. That's an extreme solution. Decency other view says that h is a foodstuff like some other, and like any additional foodstuff it should have fastidious market value." He added, "Personally, I believe it's better telling off give a foodstuff a worth so that we're all judicious it has its price, stake then that one should help yourself to specific measures for the branch out of the population that has no access to this water."[4][5] Following controversy on social transport about these remarks, he avowed that he does believe deviate water for basic hygiene shaft drinking is indeed a mortal right.

He went on harmonious say that his remarks were intended to address overconsumption wishy-washy some while others suffered running away lack of water and as well that his remarks were disused out of context by honesty documentary.[6][7]

Other

Brabeck-Letmathe was on the plank of directors of Credit Suisse Group, L'Oréal, and ExxonMobil.

Powder is also a member adherent ERT (European Round Table see Industrialists) and a member sunup the foundation board of illustriousness World Economic Forum. He hype a member of the Aim at of Trustees of the Sphere Economic Forum.[8] He was chair of Formula One Group.[citation needed]

According to Euronews, Peter Brabeck-Letmathe not bad a close friend of Konstantin Sidorov, founder and CEO go along with London Technology Club.[9]

Selected bibliography

References

External links

Nestlé

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Subsidiaries
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Other assets
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