On April 6th, 2017, Peter Brabeck-Letmathe was appointed Chairman Emeritus of Nestlé S.A. Previously, he led the Nestlé Group from 1997 to 2008, first as CEO till 2005, and then as Chairman and CEO. In April 2008, he handed over the office of CEO and remained Chairman of the Board of Nestlé S.A. Born in 1944 in Austria, Peter Brabeck-Letmathe graduated from the University of World Trade in Vienna with a degree in Economics. After joining the Nestlé Group in 1968, he spent a significant part of his career in Latin America, before being transferred to Nestlé's International Headquarter in Vevey as Senior Vice-President. Appointed Executive Vice-President as of 1992 and Member of the Executive Board, he was in charge of the Strategic Business Units, Marketing & Sales, as well as Corporate Communications. Peter Brabeck-Letmathe serves as Vice-Chairman of the Foundation Board of the World Economic Forum and as Chairman of the Foundation Board of the Verbier Festival. He is President of the Geneva Science and Diplomacy Anticipator (GESDA) foundation, Chairman of the Supervisory Board of Biologique Recherche and Chairman of the Advisory Board of SES-imagotag and since December 2022, he is also a member of the Board of Directors. He is former Chairman and an Independent Director of Formula One Group. He also is Chairman of the Business Policy International Advisory Board of San Telmo Business School. Prior, he served as a Board Member of Roche, Credit Suisse, L'Oréal, Exxon Mobil Corporation and Salt Mobile S.A. In addition, he was the Founder and Chairman of the 2030 Water Resources Group, a Public Private Partnership, incorporated in the World Bank. Peter Brabeck-Letmathe has received several awards, including the Austrian Cross of Honour for services to the Republic of Austria, "La Orden Mexicana del Águila Azteca", "La Orden Francisco de Miranda" conferred by the republic of Venezuela, and the Schumpeter Prize for outstanding contribution in disruptive Innovation. The University of Alberta (Canada) conferred an Honorary Degree of Doctor of Laws on him. Recently, Mr. Brabeck-Letmathe has been inducted into the American Advertising Federation's "Hall of Fame".