Europe - Jean-Pierre Steiner has stepped down from his role as chief executive of Nestlé Capital Advisers.
A spokesman said Steiner had retired after 38 years at the firm. He created both Nestlé Capital Advisers and Nestlé Capital Management in 2006 which focus on advice and asset management across the Nestlé Group pension funds.
Steiner also helped develop the firm's first European pension fund, Robusta, in 2001.
Steiner joined Nestlé as an actuary for the group pension fund and went on to create new pension benefit features, investment strategies and investment management structures. He was appointed head of the pensions department in 1993.
He will be replaced by Stephen Phillips, former chief financial officer at Nestlé UK. Phillips' position will be assumed by Elizabeth Legge, who has also been recently appointed as director of the pension fund company.
Nestlé Capital Advisers acts as actuary to the €4.3bn ($5.9bn) pension fund.
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