Nestlé Makes Change at Executive Level

Nestlé has named David Hancock as head of Investor Relations, effective October 1, 2024. He will succeed Luca Borlini, who will continue his long career at Nestlé in a new role focusing on retail shareholders and supporting the Nestlé share registry.

Hancock joins Nestlé from Deliveroo, the UK-listed food delivery company, where he is VP of Finance, Strategy & IR, with responsibilities including investor relations, sustainability, corporate development and strategy. He previously held the roles of interim chief financial officer and VP Investor Relations at Deliveroo.

From 2013 to 2020, Hancock held senior finance positions at the Adecco Group, including SVP, head of Investor Relations based in Zurich. At the start of his career, he spent 11 years at Morgan Stanley, beginning in sales and trading before moving to become a highly ranked equity research analyst. Hancock holds qualifications in accounting, financial analysis, and ESG investing.

"I would like to thank Luca warmly for his contributions and commitment to the Investor Relations team over many years, and wish him every success in his new role," said Anna Manz, chief financial officer of Nestlé. "I am delighted to welcome David to Nestlé. With his deep knowledge of capital markets and financial communications combined with broad strategic finance experience, David is ideally placed to lead our investor relations team in Nestlé's next phase of value creation."