Peter Brabeck-Letmathe
| Peter Brabeck-Letmathe link NNDB Sourcewatch (Millionaire, businessman, deep state operative?) | |
|---|---|
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| Born | 13 November 1944 Villach, Austria |
| Nationality | Austrian |
| Alma mater | Vienna University of Economics and Business Administration |
Nestlé executive who attended the 2011 Bilderberg. Wants to privatize and charge for all water in the world. | |
Peter Brabeck-Letmathe is an Austrian businessman. He is the chairman emeritus, former chairman and CEO of the Nestlé Group,[1] and former chairman of Formula One.[2] In April 2025 he became interim chairman of the World Economic Forum.[3]
Early life
Brabeck-Letmathe was born in Villach, Austria, into a family with its origins in Iserlohn-Letmathe in north-western Germany. He studied economics at the University of World Trade (today Vienna University of Economics and Business).
Nestlé during the Chile coup
He joined Nestlé in 1968 in Austria as a salesman, later becoming a specialist for new products. His career within the group included a span of almost 10 years in Chile (1970–1980) during the coup against the Allende government[4][5][6] and the Pinochet dictatorship, first as national sales manager and later as director of marketing. During the Allende period, the local Nestlé’s plant came under workers' control, following its planned nationalization[7][8] The nationalization plans were cancelled after the coup.
Further Nestlé Career
In 1981, Brabeck-Letmathe was appointed managing director of Nestlé Ecuador and in 1983, president and managing director of Nestlé Venezuela. In October 1987, he was transferred to Nestlé's international headquarters in Vevey. As senior vice-president in charge of the Culinary Products Division, he had worldwide responsibility for that business area. On 1 January 1992, Brabeck-Letmathe was appointed executive vice-president of Nestlé S.A., with global responsibility for the Strategic Business Group encompassing food, Buitoni pasta, chocolate and confectionery, ice cream, pet food, as well as industrial products (aromas). At the same time, he had worldwide responsibility for marketing, communications and public affairs. In particular, during his time as executive vice-president, he conceived and implemented the unique branding policy of Nestlé, characterized by a strict hierarchy of strategic brands on the global, regional and local level.
On 5 June 1997, he was elected to the board of directors, and appointed chief executive officer of Nestlé S.A. On 6 April 2001, the board of directors elected him as vice-chairman, and in April 2005, chairman of the board.
In 2008, Brabeck-Letmathe stepped down as CEO.[9]
Other responsibilities
Peter Brabeck-Letmathe was appointed chair of the Formula One Group.
Brabeck-Letmathe was on the board of directors of Credit Suisse Group, L'Oréal, and ExxonMobil. He is also a member of ERT (European Round Table of Industrialists) and a member of the foundation board of the World Economic Forum. His earnings in 2006 were approximately 14 million Swiss francs (9 million Euro).
References
- ↑ http://www.huffingtonpost.com/peter-brabeckletmathe
- ↑ http://www.autosport.com/news/report.php/id/99858
- ↑ https://www.bnnbloomberg.ca/business/international/2025/04/21/world-economic-forums-schwab-steps-down-after-over-50-years/
- ↑ https://nsarchive2.gwu.edu//NSAEBB/NSAEBB110/index.htm
- ↑ https://history.state.gov/historicaldocuments/frus1969-76ve16/d56
- ↑ https://history.state.gov/historicaldocuments/frus1969-76ve16/d50
- ↑ https://static.scielo.org/scielobooks/7cd3q/pdf/henfrey-9788599662847.pdf page 41
- ↑ https://time.com/archive/6668101/nestles-quick/
- ↑ "Peter Brabeck: 'To Enjoy Life, You Need to Enjoy Food'" Archived 17 December 2012 at Archive.is, Daniel Huber. Credit Suisse. 1 July 2008. Retrieved 23 March 2011