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Management Report Nestle

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Management Report 2008

© 2009, Nestlé S.A., Cham and Vevey (Switzerland)

The Management Report contains forward looking statements which reflect Management’s current views and estimates. The forward looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those contained in the forward looking statements. Potential risks and uncertainties include such factors as general economic conditions, foreign exchange fluctuations, competitive product and pricing pressures and regulatory developments.

The World’s leading Nutrition,
Health and
Wellness
Company

Photography
Nicole Bachmann, Gaëtan Bally/Keystone, Nathan Beck,
Patrick Brown/Panos Pictures, Markus Bühler-Rasom,
Goh Seng Chong/Keystone, Douglas Engle/Panos Pictures,
Sam Faulkner/NB Pictures, Jonathan Fong, Peter Ginter,
Georgina Goodwin, Marcel Grubenmann, Alain Herzog/EPFL,
Harmen Hoogland/Nestec, Wollodja Jentsch, Marc Latzel,
George Osodi/Panos Pictures, Philippe Prêtre/APG Image,
Sergio Santorio, Qilai Shen/Panos Pictures, Christian Vogt,
Cédric Widmer
Printing
Entreprise d’arts graphiques Jean Genoud SA (Switzerland)
Paper
This report is printed on Consort Royal, a paper produced from well-managed forests and other controlled sources certified by the Forest Stewardship Council (FSC)

Management
Report 2008

Letter to our shareholders
Board of Directors of Nestlé S.A.
Executive Board of Nestlé S.A.
Corporate Governance and Compliance

10

Creating Shared Value

In case of doubt or differences of interpretation, the English version shall prevail over the French and German text.

Concept and design
Nestec Ltd., SGDU, Corporate Identity & Design, with messi & schmidt

Table of contents

12

The 4 x 4 x 4 roadmap
Four competitive advantages
Four growth drivers
Four strategic pillars
The 4 x 4 x

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