The change reflects the strategic nature of his role given coffee’s place as a Nestle growth pillar, the company said in a statement, noting the work he’s done to grow the business, including launching a partnership with Starbucks.
Nestle CEO Mark Schneider thanked Bula for his four decades of service at Nestle. “We are excited that, in Bernard, we have a successor who is a dynamic leader with the proven ability to grow businesses,” he added. “We are equally delighted to welcome David Rennie to the group executive board. With his strategic vision, ability to execute and stellar record of success in coffee, he will make a valuable contribution.”
Separately, Nestle’s Purina brand announced it has expanded its relationship with TerraCycle, launching its LightWeight Free & Clean cat litter on the Loop e-commerce platform.
The Loop circular commerce platform enables consumers to purchase items in reusable containers, working with consumer goods manufacturers and retailers to eliminate single-use packaging.