Jeffery to step down as Nestle Waters CEO

Mike Verespej

Published: November 16, 2012 6:00 am ET

Related to this story

Topics Packaging, Sustainability

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

Investment firm buys Ontario cap molder

October 23, 2014 2:01 pm ET

A company whose varied interests include food and refrigerated transportation businesses is now moving into plastic caps.    More

Image

Bemis reports record quarterly profit

October 23, 2014 1:06 pm ET

Bemis Company Inc. saw record per-share earnings from continuing operations during the third quarter, but charges associated with the divestiture of...    More

Image

FTC warns bag makers to take care before making biodegradeability claims

October 23, 2014 12:30 pm ET

Makers of oxodegradable or oxo-biodegradable plastic bags should consider themselves on notice, according to the U.S. Federal Trade Commission.    More

Image

Packaging specialist Amcor hits sustainability goals ahead of schedule

October 23, 2014 11:15 am ET

Global packaging company Amcor Ltd. has achieved its waste reduction goals two years ahead of schedule, according to the company's new sustainability ...    More

Image

Simple lightweighting in packaging, caps not so simple anymore

October 22, 2014 4:16 pm ET

The days of finding simple ways to remove additional weight — and costs — from plastic bottles are over, according to one expert.    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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

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

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events