People and Places
Friday March 09 2012
FRANCE’S L’Oreal has nominated Paul Bulcke (pictured), chief executive at Nestle, to its board. He will be proposed at the cosmetic giant’s annual meeting in April along with Christiane Kuehne, another of the Swiss food group’s senior executives. The nominees are to replace Werner Bauer, chief technology officer, and Francisco Castaner, who was executive vice president before retiring in 2009. A month ago, L’Oreal said 89-year-old company heiress Liliane Bettencourt would be replaced on the board by her 25-year-old grandson Jean-Victor Meyers. Nestle and the Bettencourt family own around 30% of L’Oreal.
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