Alois Hofbauer will be stepping down as Nestle (Malaysia) Bhd CEO effective Nov 30.
Nestle said in a statement that Hofbauer’s departure is to pursue other interests outside the group.
Hofbauer will be succeeded by Juan Aranols, currently CFO for the Nestle Group’s Zone Asia, Oceania nd Sub-Saharan Africa (Zone AOA).
Aranols joined the Nestle Group in 1990 as an auditor for Nestle Spain. In his 28 years with the company, he has held roles of increasing responsibility across a number of different markets in Europe and Latin America.
He has worked for the last six years at Nestle Global Headquarters, first as global group controller and since 2015 in his current role as CFO and member of the senior management team for Zone AOA.
“Nestle Malaysia is a company with a long history and great future prospects. I am both humbled and excited to be given the opportunity to take this organisation forward, building on the strong foundations laid by my predecessor and his team,” said Aranols of his new appointment.
Meanwhile, Hofbauer has been Nestle Malaysia CEO for the last five-and-a-half years.
“I am proud that my team and I have established Nestle Malaysia as one of the top performing companies on the Bursa Malaysia. We reignited growth and achieved solid results year after year. I am confident that this success will continue, and I wish Juan all the best in his new role,” said Hofbauer.
