STAMFORD, Conn. -- Current Nestle Waters North America Inc. president and CEO Kim Jeffery plans to step down from that role after 20 years, and 34 years with the company, to assume a nonexecutive chairman position effective Feb. 1, 2013. He will be succeeded by Tim Brown, president and CEO of Nestle Canada, who has been appointed president and CEO of Nestle Waters North America Inc. (NWNA).
Brown, 49, has served as president and CEO of Nestle Canada since 2010, overseeing global brands including Stouffer's, Lean Cuisine, Buitoni, Nescafe, Kit Kat and Smarties. Prior to that, Brown spent 22 years at NWNA, most recently heading retail operations as executive vice president and general manager until transitioning to his current role.
Kim Jeffery (left), Tim BrownDuring his time at Nestle Canada, Brown has had a significant impact on the company and achieved sustained profitability. Brown oversaw the introduction of popular new products, developed the Nestle Canada Vision & Values with inputs from across the workforce and initiated a continuous excellence process to meet a Nestle worldwide standard. Under Brown, Nestle Canada was recognized as one of the Best Workplaces in Canada in 2012.
"I am excited to continue to build on the legacy achieved by Kim Jeffery," said Brown. "Kim led the company from a single brand to the largest bottled water company in North America, while emphasizing environmental responsibility and cultivating the very best corporate culture in the food and beverage business."
Jeffery, 64, joined the company in 1978 as Central Division sales manager, and has advanced over the years to assume the company's top position in 1992. He has been at the vanguard of the rapidly growing bottled water industry, providing a widely available source of calorie-free, healthful refreshment to consumers. Under his leadership, NWNA has grown organically from a $650 million in revenues business 20 years ago into the leading bottled water company in North America. With sales of $4.4 billion in 2011, the company holds seven of the top 10 U.S. brands including Poland Spring, Arrowhead, Deer Park, Ice Mountain, Ozarka, Zephyrhills and Nestle Pure Life.
"Because I have spent most of my adult life in this company, my connection to the business and its people will endure," said Jeffery. "The business success and strong values-based culture we built as a team transcends any individual, and having known and worked with Tim for more than 25 years, I know he is committed to building on this strong foundation as he leads the organization to continued growth and success."
Brown joins the CEOs of the other Nestle U.S. operating companies including Nestle Nutrition, Nestle Professional, Nestle Purina PetCare and Nestle USA.
In Canada, Brown will be succeeded by Shelley Martin, president of Nestle Canada's frozen division.
Stamford, Conn.-based NWNA is a leading healthy hydration company that offers consumers a variety of portable, calorie-free bottled waters, including Poland Spring, and other natural spring water brands; Nestle Pure Life, a nationally distributed purified bottled water; and international brands, S. Pellegrino, Perrier and Acqua Panna. Most recently, the company has added a line of ready-to-drink iced teas.