Nestlé

Organisation Function

"While our Nestlé Corporate Business Principles will continue to evolve and adapt to a changing world, our basic foundation is unchanged from the time of the origins of our Company, and reflects the basic ideas of fairness, honesty, and a general concern for people."

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Organisations Business Principles:

Nestlé is committed to the following Business Principles in all countries, taking into account local legislation, cultural and religious practices:

• Nestlé's business objective is to manufacture and market the Company's products in such a way as to create value that can be sustained over the long term for shareholders, employees, consumers, and business partners.
• Nestlé does not favor short-term profit at the expense of successful long-term business development.
• Nestlé recognizes that its consumers have a sincere and legitimate interest in the behavior, beliefs and actions of the Company behind brands in which they place their trust, and that without its consumers the Company would not exist.
• Nestlé believes that, as a general rule, legislation is the most effective safeguard of responsible conduct, although in certain areas, additional guidance to staff in the form of voluntary business principles is beneficial in order to ensure that the highest standards are met throughout the organization.
• Nestlé is conscious of the fact that the success of a corporation is a reflection of the professionalism, conduct and the responsible attitude of its management and employees. Therefore recruitment of the right people and ongoing training and development are crucial.
• Nestlé continues to maintain its commitment to follow and respect all applicable local laws in each of its markets.

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Nestle Managment

Executive Board:

• Peter Brabeck-LetmatheChairman of the Board & Chief Executive Officer
• Francisco CASTAÑERExecutive Vice President Pharmaceutical and Cosmetic Products, Liaison with L'Oréal, Human Resources, Corporate Affairs
• Lars OLOFSSONExecutive Vice President, Strategic Business Units and Marketing
• Werner J. BAUERExecutive Vice President Technical, Production, Environment, Research and Development
• Frits VAN DIJKExecutive Vice President Asia, Oceania, Africa and Middle East
• Paul BULCKEExecutive Vice President United States of America, Canada, Latin America, Caribbean
• Carlo DONATIExecutive Vice President Nestlé Waters
• Luis CANTARELLExecutive Vice President Zone Europe
• Paul POLMANExecutive Vice President Finance, Control, Legal, Tax, Purchasing, Export
• Chris JOHNSONDeputy Executive Vice President GLOBE Program, Information Systems, Strategic Supply Chain, eNestlé, Group Information Security
• Richard T. LAUBEDeputy Executive Vice President, CEO of Nestlé Nutrition

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Board of Directors:

• Peter BRABECK-LETMATHEChairman & CEO; Chairman of Chairman's and Corporate Governance Committee Term expires: 2007
• Andreas KOOPMANN1st Vice Chairman Term expires: 2008
• Rolf HÄNGGI2nd Vice Chairman, Chairman of Audit Committee and Finance Committee Term expires: 2008
• Edward GEORGETerm expires: 2007
• Jean-Pierre MEYERSTerm expires: 2006
• Peter BÖCKLIChairman of Remuneration Committee Term expires: 2008
• Nobuyuki IDEITerm expires: 2006
• André KUDELSKITerm expires: 2006
• Kaspar VILLIGERTerm expires: 2009
• Daniel BORELTerm expires: 2009
• Carolina MÃœLLER-MÖHLTerm expires: 2009
• Günter BLOBELTerm expires: 2009

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Honorary Chairperson:

• Helmut Oswald MAUCHER

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