Nestle Nestle India�s MD Etienne Benet has step down from his post, he will be replaced by Nestle Philippines Chairman and CEO Suresh Narayanan. Etienne Benet will be relocated to Nestle�s head office in Switzerland while Mr. Narayanan will take over from August 1. About Suresh Narayanan: Mr. Narayanan is a graduate of the Delhi School of Economics and has been associated with Nestle since 1999. He has also headed Nestle�s South Asia sales department and was market head for Nestle�s North-East Africa Region between 2005 and 2008. Background: Recently Company had to face disgrace as its Maggi instant noodles was banned by the Indian food regulator as in its product an elevated levels of lead and artificially-added monosodium glutamate were found in testing. To meet with the ruling of FSSAI and to lift its tainted product from market company had to spent 320 crore rupees. Source: The Hindu
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