Nestle India Appoints Ex-Amazon Head as MD

• Nestle India's Swiss parent nominates Manish Tiwary as new MD, succeeding Suresh Narayanan.
• Tiwary, former Amazon India head, awaits board approval to take over.
• Narayanan retires after nearly a decade, known for rejuvenating Maggi brand.
• Nestle India faces stagnant sales and increased competition.
• Shares down 3.2% this year, while Nifty 50 is up 14%.

Source: Mint, The Times Of India