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"We
always have two, or better three, candidates for a succession.
That is also the case now," Brabeck told Swiss newspaper Blick
in an interview published on Thursday. "There are several
candidates. Paul Bulcke is one of them."
Asked about a potential successor for the CEO job, Brabeck said:
"This time we have fewer candidates (than the five we had the
last time a new CEO was appointed). In any case, there is more
than one."
Brabeck, who recently recovered from cancer, is to step down as
chairman next year when he reaches the mandatory retirement age
of 72.
Nestle, which declined to comment on management succession
plans, has a history of promoting internally and some analysts
expect that to continue.
Jon Cox at Kepler Cheuvreux said frontrunners for the CEO job
include Laurent Freixe, head of Nestle's Americas business since
October 2014, and Wan Ling Martello, former chief financial
officer who now oversees the Asia, Oceania and Africa division.
"We see the Nestle model as being maintained whoever becomes the
next CEO," Cox said in a note on Thursday.
(Reporting by Silke Koltrowitz in Vevey and Martinne Geller in
London; Editing by Ruth Pitchford)
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