Board of Nestle proposes to extend Chairman Suresh Narayan's tenure

Nestle Chairman and Managing Director Suresh Narayan is expected to step down from his role on 31 July, however, media reports state that the board of directors at the company proposes to extend his tenure by another five years until 2025. The company will hold its annual general meeting on June 19.

Narayan has been associated with Nestle since 2008 and has helmed India operations as Chairman and MD since 2015. During his career at the company, he has been in charge of various portfolios for the business across the globe including the role of Chairman and CEO of Nestle in the Phillipines.