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Nestlé (OTCPK:NSRGY) (OTCPK:NSRGF) plans to retain ownership of its health sciences unit, CEO Paul Bulcke said in an interview with NZZ am Sonntag newspaper published on Sunday.
The packaged food company said last week that its longtime CEO, Mark Schneider As of September 1, she will be replaced by company veteran Lauren Freixe, head of its Latin America business.
As Bulcke said in response to a question from NZZ regarding the health sciences unit, the wellness industry has promising benefits for society.
Analysts say Nestlé (OTCPK:NSRGY) (OTCPK:NSRGF) would benefit from selling the unit, whose sales have been hurt this year by technology integration.
“We would not be surprised if Nestlé Health Sciences were sold in the medium term, which would be welcomed by most investors,” Zurich Cantonal Bank analysts said in a report published on Friday.
Nestlé’s (OTCPK:NSRGY) (OTCPK:NSRGF) consumer brands include Gerber baby food, KitKat candy, Haagen-Dazs ice cream and Purina pet food.
