Morgan Stanley Names BAE Systems Top European Defence Stock Despite Lower Price Target 
South32 Sells Major Aluminium Assets to Alcoa in Deal Worth Up to $5.6 Billion 
Oil Prices Rise as U.S.-Iran Talks Keep Geopolitical Risks in Focus 
Gold Price Drops to Eight-Month Low as Fed Rate Hike Bets Weigh on Bullion. Source: Photo by Michael Steinberg via Pexels 
Kakaku.com Shares Rise as Bain Capital and LY Corp Prepare Higher Takeover Bid Than EQT 
Wall Street Futures Rise Ahead of JOLTS Data, Nike Earnings, and U.S.-Iran Talks 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
NATO Albania Summit Faces Uncertainty as Trump, Defense Spending Concerns Loom 
U.S. Stocks End Q2 Higher as Strong Jobs Data and AI Rally Lift Wall Street 
Super Micro Shares Slide After Taiwan Raids Over Alleged Nvidia AI Chip Smuggling Probe 
Lenovo Shares Slide as AI-Driven Memory Demand Signals Higher DRAM and NAND Prices 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
Apple Challenges India Antitrust Probe, Says CCI Copied Rivals’ Claims in App Store Case 
Oil Prices Slip as U.S.-Iran Peace Talks and Strait of Hormuz Risks Keep Markets on Edge 
Asian Currencies Slip as Dollar Holds Firm, Yen Near Four-Decade Low Ahead of Fed, Jobs Data 
Morgan Stanley Raises Tesla Q2 Delivery Forecast on Strong Europe and China Demand 
Australia Sues Amazon Over Prime Video Ads and Subscription Terms 
Nestlé SA food and drink company announced it has appointed the new company’s head of operations. Effective on July 1, Stephanie Pullings Hart will be the new deputy head of operations, and she will be stationed at the firm’s HQ in Switzerland.
As per Food Business News, Pullings Hart will take over the role from Magdi Batato, who is set to retire after working for Nestlé for 30 years. The retiring executive held various positions at the company, including in the procurement, logistics, and sustainability units at various Nestlé facilities across three continents.
Currently, Pullings Hart works at Warby Parker, an online retailer of prescription glasses, contact lenses, and sunglasses based in New York City. As its senior vice president of operations, she is in charge of manufacturing, customer experience, and supply chain.
Before joining Warby Parker, she worked for Beyond Meat as senior vice president of global operations. Pullings Hart is actually a returning executive at Nestlé because she has been with the company for 23 years and held various roles before working for other companies.
While her appointment is taking effect in July, Pullings Hart will officially assume her role as head of operations at Nestlé on Jan. 1, 2024. On that same day, she will also be joining the company’s executive board.
Meanwhile, Nestlé confirmed the retirement of Magdi Batato. He will be formally stepping down in early 2024.
“On behalf of our board of directors and our executive board, I would like to extend a heartfelt thanks to Magdi for his many contributions to Nestle,” Nestlé’s chief executive officer, Mark Schneider, said in a statement. “We wish him all the best for this next chapter. At the same time, we are delighted that Stephanie is returning to Nestle.”
Photo by: inma santiago/Unsplash
