Jeffery to step down as Nestle Waters CEO

Mike Verespej

Published: November 16, 2012 6:00 am ET

Related to this story

Topics Sustainability Packaging
Companies & Associations

STAMFORD, CONN. (Nov. 16, 12:50 p.m. ET) — Nestle Waters North America Inc. President and CEO Kim Jeffery — who has been the driving force in the company’s effort to improve PET recycling rates, incorporate recycled content into its water bottles, and advocate for extended producer responsibility — is stepping down Feb. 1 to assume a non-executive chairman position with the company.

The 64-year-old Jeffery has been with the company for 34 years, and has been president and CEO the past 20 years, Nestle said in the Nov. 15 announcement.

Tim Brown, president and CEO of Nestle Canada since 2010, will become president and CEO of Nestle Waters North America Inc.

Brown, 49, has worked for Nestle for nearly 25 years. He previously headed Nestle Waters North America’s retail operations as executive vice president and general manager.

“I am excited to continue to build on the legacy achieved by Kim Jeffery,” Brown said in the news release. “Kim led the company from a single brand to the largest bottled water company in North America, while emphasizing environmental responsibility.”

Under Jeffery’s leadership, NWNA grew from $650 million in revenues in 1992 to $4.4 billion in 2011. It now has seven of the top 10 U.S. water brands including Poland Spring, Arrowhead, Deer Park, Ice Mountain, Ozarka, Zephyrhills and Nestle Pure Life.

“My connection to the business and its people will endure,” Jeffery said. “The business success and strong values-based culture we built as a team transcends any individual. I know [Tim] is committed to building on this strong foundation as he leads the organization to continued growth and success.”


Comments

Jeffery to step down as Nestle Waters CEO

Mike Verespej

Published: November 16, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Adidas phasing out plastic bag use

April 20, 2015 11:50 am ET

Sporting goods company Adidas AG is phasing out the use of plastic bags in its own retail stores as part of a larger effort raise awareness about...    More

Image

Recycling group changes its name to the Recycling Partnership

April 20, 2015 3:10 pm ET

Curbside Value Partnership is no more. But don't worry. The organization that promotes curbside recycling is simply changing its name to the...    More

Image

IPL invests in new molding technology at New Brunswick plant

April 20, 2015 3:46 pm ET

IPL Inc. has invested C$2.04 million (US$1.63 million) to produce lighter weight, injection molded containers at its Edmundston, New Brunswick,...    More

Image

Ford moving forward in carbon fiber for 'high volume' use

April 17, 2015 10:21 am ET

Ford Motor Co. has signed a deal with a carbon-fiber manufacturer to jointly explore “high-volume” automotive uses for the lightweight...    More

Image

Thailand's Royal Group adding thermoforming plant in Indiana

April 17, 2015 11:17 am ET

Royal Interpack North America Inc. is spending $12 million to make recycle-content PET clamshell containers in Anderson, Ind.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events