Brands
Peter Brabeck-Letmathe ends his long tenure as Nestlé Chairman Emeritus
VEVEY: Nestlé’s long-serving statesman Peter Brabeck-Letmathe has chosen to relinquish his chairman emeritus title, bringing a gentle close to a remarkable association that began more than half a century ago.
The former chairman and chief executive, who joined the Swiss food giant in 1968, informed the Board of his decision as the company prepares for its 159th annual general meeting on 16 April 2026. The move marks the end of an honorary role he held after stepping down from official duties in 2017.
Nestlé Chair Pablo Isla paid warm tribute to Brabeck-Letmathe, calling him a visionary whose steady hand helped shape the global group. Isla said Peter followed the company’s evolution with genuine enthusiasm and would continue to be regarded as a valued friend of the organisation.
During his decades at Nestlé, Brabeck-Letmathe held key leadership posts, guiding the company through periods of expansion, reinvention and global change. His departure from the Emeritus role draws the curtain on a distinguished career while clearing the stage for the next chapter in Nestlé’s leadership story.
For Nestlé, the transition signals continuity with a touch of nostalgia, as the company salutes one of its most influential architects and steps forward into its future.
Brands
Boeing appoints Barun as head of FP&A for global engineering function
Seasoned finance leader to steer budgets and strategy across global centres
BENGALURU: Boeing’s finance cockpit has a new pilot, and he is no stranger to turbulence or transformation. Boeing has appointed Barun as head of FP&A for global engineering, placing him at the centre of financial strategy for its worldwide engineering and technology operations.
Based in Bengaluru, Barun steps into a role that is as expansive as it is critical. He will serve as the primary finance lead for Boeing’s Engineering and Technology Centers globally, working closely with executive leadership to shape financial decisions, manage complex budgets, and design scalable finance processes that support the company’s growing engineering footprint.
In a note announcing his move Barun said, “I’m excited to share that I’ve joined Boeing Global Engineering. This opportunity is incredibly meaningful to me not just from a professional standpoint, but also for what Boeing represents globally.” He added that he looks forward to contributing to an organisation that continues to shape the future of aerospace and innovation.
Barun’s mandate spans strategic financial leadership, operational oversight, and stakeholder engagement. From directing large-scale budgets and schedules to influencing long-term organisational goals, the role blends financial discipline with business foresight. He will also lead cross-functional teams and partner with finance colleagues worldwide to support engineering programmes across geographies, including India.
The appointment caps a long stint at Juniper Networks, where Barun spent over a decade, most recently as finance senior manager. There, he led FP&A for global product business units and G&A functions, driving budgeting, forecasting, and long-range planning. He also played a key role in enterprise-wide transformation, including spearheading an Oracle to SAP ERP migration and building advanced analytics capabilities using tools such as Tableau and SAP Analytics Cloud.
His earlier career includes finance leadership roles at Sony India Software Centre, Cognizant Technology Solutions, and Mphasis, where he focused on financial planning, governance frameworks, and operational efficiency across global delivery centres.
A chartered accountant from the Institute of Chartered Accountants of India, Barun brings nearly two decades of experience across financial planning, digital transformation, and analytics-led decision making.
His appointment comes at a time when global engineering operations are becoming increasingly complex and distributed, requiring sharper financial oversight and agile planning. With Barun at the helm of FP&A for engineering, Boeing appears to be tightening its financial playbook as it looks to scale innovation with discipline.
