CosmicTaco

Nestle India Appoints Ex-Amazon Head as MD

CosmicTaco · 2024-10-08T12:30:25.216305+05:30

- **Nestle India**'s Swiss parent nominates **Manish Tiwary** as new MD, succeeding **Suresh Narayanan**. - Tiwary, former **Amazon India** head, awaits board approval to take over. - **Narayanan** retires after nearly a decade, known for rejuvenating **Maggi** brand. - Nestle India faces **stagnant sales** and increased competition. - Shares down **3.2%** this year, while **Nifty 50** is up **14%**. Source: [Mint](https://www.livemint.com/companies/people/manish-tiwary-nominated-lead-nestle-india-operations-former-amazon-india-head-business-competition-suresh-narayanan-news-11728349472353.html), [The Times Of India](https://timesofindia.indiatimes.com/business/india-business/amazon-executive-to-be-new-nestle-india-head/articleshow/114025856.cms)

Nestle India's Swiss parent nominates Manish Tiwary as new MD, succeeding Suresh Narayanan.
Tiwary, former Amazon India head, awaits board approval to take over.
Narayanan retires after nearly a decade, known for rejuvenating Maggi brand.
Nestle India faces stagnant sales and increased competition.
Shares down 3.2% this year, while Nifty 50 is up 14%.