Steve Presley Named Head and CEO of Nestlé USA

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Steve Presley has been named head and CEO of Nestlé USA effective April 1, 2018, the company announced.

Presley currently serves as chief finance and strategic transformation officer for Nestlé USA. His predecessor, Paul Grimwood, will continue to serve as non-executive chairman of Nestlé USA until May, 2019.

In his 20-year career with the company, Presley has held several roles in its beverage division, including vice president of finance and vice president and GM of Premium Ready-to-Drink Beverages, and president of Nestlé Business Services.

Related: Ferrero’s Sweet Tooth: Nestlé's U.S. Confections Acquired

Most recently, he served as CFO for Nestlé USA, a role he undertook in 2013; in 2016, that role was expanded to include strategic transformation, which tasked him with developing, implementing and leading strategic growth.

“Steve has played a critical role in driving the strategic transformation of Nestlé USA alongside Paul,” said Laurent Freixe, Nestlé executive vice president and head of zone Americas. “His powerful combination of deep commercial and financial expertise provides continuity and makes him ideally suited to lead Nestlé USA in the changing consumer marketplace. Steve's experience will prove invaluable in continuing to pursue new internal and external models to increase the speed of innovation, capitalize on M&A to seed our innovation machine, and create new income streams and capabilities.”