Nestle has announced the hire of London Stock Exchange Group's (LSEG) finance chief Anna Manz as its new chief financial officer.

Manz, whose departure from LSEG was announced last week, will replace François-Xavier Roger. Roger has spent eight years in the role and is stepping down to “pursue new professional challenges”.

The incoming finance boss will also join Nestle’s 15-person board as an executive vice president.

Mark Schneider, Nestle chief exec, said: "On behalf of our board of directors and our executive board, I would like to offer our sincere thanks to François. He has supported us in shaping and implementing our value creation strategy and has helped steer Nestlé through a very turbulent macro-economic environment over the last three years. We wish him all the best for his next endeavours.

“At the same time, we are thrilled to welcome Anna Manz to Nestlé. Anna has spent her career growing businesses and improving operational efficiencies. Her deep knowledge of the consumer goods industry, combined with her extensive experience across many corporate functions, make her uniquely positioned to help lead Nestlé into its next phase of value creation."

François-Xavier Roger commented: "I am very proud to have been part of Nestlé's remarkable value creation journey. I have had the pleasure to lead a highly professional finance team, and I feel this is the appropriate time to hand over my responsibilities."

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