Nestlé Vietnam announced that Binu Jacob has been appointed as the company’s managing director from April 1, replacing Ganesan Ampalavanar, who will become the managing director of Nestlé Indonesia on the same day.
Jacob has over 22 years of experience working with Nestlé Group across Europe, the United States and Asia. Before coming to Vietnam, he was the regional business head and senior vice president of the Baby Nutrition Business Unit for Nestlé China.
“Our purpose of enhancing the quality of life and contributing to a healthier future is now more important than ever,” Jacob noted in a statement, adding that his arrival in Vietnam amid the global pandemic outbreak has strengthened his determination to move the company forward.
“From our supply chain to our factories, we’re working around the clock to ensure that we continue to meet the nutritional needs of Vietnamese families during this difficult time.”
Nestlé is the world’s largest food and beverage company, with over 150 years of history, headquartered in Vevey, Switzerland. The group has more than 2,000 brands and a presence in 191 countries.
Nestlé officially started its business in Vietnam in 1992 through a joint venture with Long An Trading Company to form La Vie Company Limited, which produces La Vie mineral water.
Nestlé Vietnam was registered in 1995 as a 100% foreign invested enterprise. The company produces and distributes nutritional, food and beverage products.
To date, the total investment capital of Nestlé in Vietnam is some US$700 million. The company employs more than 2,500 people nationwide and operates six factories in Vietnam.
*Credit: Le Hoang / The Saigon Times