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Nestlé Waters North America announces new president & CEO

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Nestlé Waters North America Announces New President & CEO
Kim Jeffery becomes chairman; Tim Brown named as successor

Stamford, Conn. (November 15, 2012) – Current N . President and Chief Executive Officer, Kim Jeffery, plans to step down from that role after 20 years, and 34 years with the company to assume a non-executive Chairman position effective February 1, 2013. He will be succeeded by Tim Brown, President and CEO of Nestlé Canada, who has been appointed President and CEO of Nestlé Waters North America Inc. (NWNA).

Brown, 49, has served as President and CEO of Nestlé Canada since 2010, overseeing global brands including Stouffer's®, Lean Cuisine®, Buitoni®, Nescafé®, Kit Kat® and Smarties®. The total Nestlé in Canada business employs 3,500 people in 21 facilities. Prior to that, Brown spent 22 years at NWNA, most recently heading retail operations as executive vice president and general manager until transitioning to his current role.

During his time at Nestlé Canada, Brown has had a significant impact on the company and achieved sustained profitability. Brown oversaw the introduction of popular new products, developed the Nestlé Canada Vision and Values with inputs from across the workforce and initiated a continuous excellence process to meet a Nestlé worldwide standard. Under Brown, Nestlé Canada was recognized as one of the Best Workplaces in Canada in 2012.

"I am excited to continue to build on the legacy achieved by Kim Jeffery," y B w . "Kim led the company from a single brand to the largest bottled water company in North America, while emphasizing environmental responsibility and cultivating the very best corporate culture in the food and beverage business."

Jeffery, 64, joined the company in 1978 as Central Division Sales Manager, and advanced over the years to assume p y’ p p 1992. J ff y b v gu d f rapidly growing bottled water industry, providing a widely available source of calorie-free, healthful refreshment to consumers. Under the leadership of Jeffery, NWNA has grown organically from a $650 million in revenues business 20 years ago into the leading bottled water company in North America. With sales of $4.4 billion in 2011, the company holds seven of the top 10 U.S. brands including Poland Spring®, Arrowhead®, Deer Park®, Ice Mountain®, Ozarka®, Zephyrhills® and Nestlé® Pure Life®.

"Because I have spent most of my adult life in this company, my connection to the business and its people w du ," y K J ff y. "T bu u d g v u -based culture we built as a team transcends any individual, and having known and worked with Tim for more than 25 years, I know he is committed to building on this strong foundation as he leads the g z u d g w d u ."

Brown will assume his new position at NWNA in February 2013 and joins the CEOs of the other Nestl U.S. operating companies including Nestlé Nutrition, Nestlé Professional, Nestlé Purina PetCare and Nestlé USA. In Canada, Brown will be succeeded by Shelley Martin; she is currently President of Nestl C d ’ f z d v .

About Nestlé Waters North America Inc.

Nestlé Waters North America ’ d g healthy hydration company. Nestlé Waters offers consumers a variety of portable, calorie-free bottled waters, including Poland Spring and other natural spring water brands; Nestlé® Pure Life®, a nationally distributed purified bottled water; and international brands, S. Pellegrino®, Perrier® and Acqua Panna®. Most recently, the company has added a refreshing line of ready-to-drink iced teas. Headquartered in Stamford, Connecticut, with 7,500 employees, Nestlé Waters North America is committed to creating shared value for society. It does so through healthy hydration, jobs and benefits to communities where it operates, and environmental stewardship, most notably responsible w g , g w g p k g g d dv g y g . P p ’ interest in reducing their calories from beverages and having a reliable second source of water has led Nestlé Waters North America to be the third largest non-alcoholic beverage company by volume in the U.S.

For More Information:
Jane Lazgin, Corporate Communications
[email protected]

Noah Keteyian, Cone Communications
[email protected]

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