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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.
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Tata Consumer Products faces Rs 98 crore tax demand
Income tax authorities raise significant demand for the 2022-23 financial year
MUMBAI: Tata Consumer Products Limited has received an assessment order from the income tax department involving a substantial financial demand. The order, issued by the assistant commissioner of income tax in Kolkata, was received by the company on 13 March 2026. It follows an audit of the income tax returns filed for the 2022-23 financial year, during which the assessing officer made specific additions and disallowances to the company’s reported income.
The total demand raised by the authorities amounts to Rs 98,03,33,930, a figure that includes both the principal tax amount and accrued interest. This disclosure was made by the company’s company secretary & compliance officer, delnaz dara harda, in a formal filing to the National Stock Exchange and BSE Limited on 14 March 2026. The filing was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
In response to the order, Tata Consumer Products has stated that it believes the demand is not maintainable under current law. The management has confirmed that the company is currently in the process of filing an appeal against the assessment. Furthermore, the company clarified that there is no immediate impact on its current financial standing, operations, or other corporate activities resulting from this specific order.
