Third Point Management Activist Presentation Deck
REINVIGORATE NESTLÉ STRUCTURE
BY SEPARATING BUSINESS INTO THREE DIVISIONS
Separate business along category lines into Beverages, Nutrition, Grocery divisions
Each group of categories has a different outlook and set of opportunities for sales growth and profitability
Each division would benefit from having separate management teams
Distinct strategies, dedicated sales forces, and greater accountability would drive stronger operating performance
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* Businesses within Grocery in particular would benefit from a different approach
Lower growth businesses require management with different skill set and attitude
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→ Separation would allow Nestlé CEO to focus more on overall corporate strategy and capital allocation
Source: Third Point LLC
THIRD POINT
Nestle
NEW ORGANIZATIONAL STRUCTURE WILL IMPROVE
FOCUS AND SPEED TO MARKET FOR EACH CATEGORY
(A KEY OBJECTIVE OF CEO MARK SCHNEIDER)
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