Nestle Pakistan has appointed Jason Avanceña as CEO and Director.
This announcement was issued via a notification to the Pakistan Stock Exchange (PSX).
He was a Nestle employee in Sri Lanka and the Maldives. Since 2019, his predecessor Samer Edmond Chedid has served as the market leader in Pakistan’s FMCG industry for around three years.
Jason joins Nestlé Lanka with over 25 years of experience in Dairy and Nutrition gained at Nestlé in the Philippines, Indonesia, Switzerland, and Pakistan.
Nestle Pakistan has one of the most diverse product lines of any foreign FMCG company in Pakistan. In 2021, the company reported a profit of Rs. 12.7 billion, and Rs. 11.3 billion in the first nine months of 2022.