Kidwai elected to Nestle's Board

HSBC's Deputy CEO Naina Lal Kidwai is the first woman to head the operations of a foreign bank in India.

In yet another case of an Indian scaling heights in global corporate structure, Naina Lal Kidwai --the chief executive of Hong Kong and Shanghai Banking Corporation in India, has been elected as a new board member of global FMCG major Nestle.

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The Annual General Meeting of Nestle SA, which took place in in Lausanne on Thursday, approved the election of Kidwai as new member of the Board, a company statement said.

Kidwai, who became the first woman to head the operations of a foreign bank in India replacing Niall SK Booker recently, has been appointed alongwith Jean-Ren Fourtou (Paris) and Steven George Hoch (Boston) as new members of Nestle board.

The AGM also re-elected Jean-Pierre Meyers (Paris) and Andr Kudelski (Cheseaux) as members of the Board of Directors for another statutory term while Nobuyuki Idei (Tokyo) did not stand for re-election, the statement said.