Daniel Rosen , founder of $ 18bn hedge fund Third Point , has called for food group Nestle to spin off businesses and brands as a matter of urgency . In a letter to the Nestle board , he urges the company to shed businesses that do not fit its strategy and bring to the board a member with expertise in the food and beverage sphere . In early 2017, the Swiss company hired Schneider, a German, as its first non-Swiss CEO in nearly a century. He also suggests that the firm should split into three clear units – food , nutrition and grocery – each with its own CEO , to reflect the firm ’s complex corporate structure .
Daniel Rosen , founder of $ 18bn hedge fund Third Point , has called for food group Nestle to spin off businesses and brands as a matter of urgency . In a letter to the Nestle board , he urges the company to shed businesses that do not fit its strategy and bring to the board a member with expertise in the food and beverage sphere . He also suggests that the firm should split into three clear units – food , nutrition and grocery – each with its own CEO , to reflect the firm ’s complex corporate structure .