Philippines, Inc. (NPI), led by Chairman and CEO Nandu Nandkishore, hosted a breakfast reception for His Excellency Pascal Couchepin, President of the Swiss Confederation and other officials during their recent visit to the . Philippines
During the reception held at the Julius Maggi Kitchen in
Nestlé Center on August 12, President Couchepin congratulated Nandu for his role in maintaining the country’s position as one of the best and biggest markets of Nestlé in Asia and the whole world. The Philippines is one of the top two markets of Nestlé in Zone Asia-Oceania- Africa (AOA) and among the top 12 worldwide. NPI’s 2007 sales totaled PhP 72.8 billion from PhP 67.2 billion in 2006 for a growth of 8 percent.
Nandu thanked President Couchepin for recognizing Nestlé Philippines by his visit, saying that the Company, whose products have been available in the country for more than a hundred years, has a long-term commitment to nurture generations of Filipino families through its nutrition, health and wellness products, while contributing to sustained national economic growth and creating shared value practices in the country.
Other guests at the reception were members of the visiting delegation composed of senior Swiss officials, Trade and Industry Secretary Peter Favila, Health Secretary Francisco Duque III, Health Undersecretary Alexander Padilla, Labor Undersecretary Romeo Lagman, PCGG Chairman Camilo Sabio, Swiss Ambassador to the Philippines Peter Sutter, Counsellor and Deputy Head of Mission Irene Flueckiger, CEOs of other Swiss companies in the country, European Chamber of Commerce of the Philippines EVP Henry Schumacher, and Philippine Chamber of Commerce and Industry Chairman Miguel Valera.
SOURCE: Nestle Family Balita (August 30, 2008)