| CEO Name | Marco Settembri |
| Nationality | Italy |
| Net Worth Estimation | $15 million |
Marco Settembri's estimated net worth of around $15 million stems from his executive role as CEO of San Pellegrino (Nestle Waters), encompassing high annual salary, performance bonuses, stock options, and extensive tenure within Nestle Group. His leadership positions within major Nestle divisions significantly contribute to his accumulated financial assets and executive compensation packages.
Marco Settembri, CEO of San Pellegrino (Nestle Waters), has an estimated net worth of $15,000,000, representing 1.7% of the maximum ($900,000,000) and 15 times the minimum ($1,000,000) estimated CEO net worth in the water business category. His wealth positions him well above entry-level CEOs in the water sector but far below the wealthiest peers.
Business Category: Water
Minimum Net Worth (estimation): 1000000 USD
Maximum Net Worth (estimation): 900000000 USD
Marco Settembri Performance in San Pellegrino (Nestlé Waters)
Marco Settembri, CEO of San Pellegrino under Nestle Waters, demonstrates strategic leadership focused on sustainability and innovation. His decision-making prioritizes brand revitalization and market expansion, leveraging Nestle's global resources to enhance product quality and environmental responsibility. Settembri's performance has strengthened San Pellegrino's market position, driving growth while embedding corporate social responsibility in company operations.
Latest News
Nestle Spins Off San Pellegrino and Water Brands into Standalone Business Led by Muriel Lienau
Nestle announced the separation of its water brands, including San Pellegrino, into a standalone business effective January 1, 2025, led by Muriel Lienau, Head of Nestle Waters Europe. CEO Laurent Freixe emphasized focusing on core brands with plans to explore partnerships and possible partial sales, with ongoing talks involving private equity for the water division valued around EUR5 billion.
Source: http://www.beveragedaily.com/Article/2024/11/19/Nestle-to-spin-off-water-brands-into-a-standalone-business/