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Nestle Malaysia names CEO

Nestlé (Malaysia) Bhd., a unit of food and beverage giant Nestlé SA, appointed Juan Aranols as its CEO, effective Dec. 1.

Aranols succeeds Alois Hofbauer who has decided to leave the Nestlé Group to pursue other interests outside the company.

Aranols is currently the CFO for Nestlé Group's Zone Asia, Oceania and Sub-Saharan Africa.