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Business

The new boss wants Nestle to get healthy

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Opening sequence

Business

The new boss wants Nestle to get healthy

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COMING UP:The new boss wants Nestle to get healthy

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00:00:01
>> Nestle may be famous for its chocolate, but it also wants to make you healthy. The world's largest food company looking to offset slowing sales of processed foods, making a big bet in the field of health and nutritional science. Reuters consumer goods specialist, Martinne Geller.>> We've got economic weakness in many places and consumers are switching to healthier, less processed foods.
00:00:24
So Nestle is trying to invest in new and more exciting areas of science and moving closer to pharmacuticles. Nestle is trying to forge a new path at the intersection between food and pharmaceuticals, what some people used to call neutraceuticles. And so trying to bring its expertise in food to boost wellness and health.
00:00:50
>> The industry waking up to the benefits of the good and bad microbes that live in our guts. Not new to yogurts but now fodder in other recipes. Nestle's next boss the clearest sign of a change of direction. Wolfmark Schneider takes over in January. Coming from the healthcare sector, not food he's expected to continue acquisitions of healthy food and medical companies while not dropping the Kit Kat's.
00:01:14
>> Whether it's drinks for people that have certain conditions, certain shakes that may be help manage obesity or diabetes, so it's certain foods that are good for you. It's not moving away from its candy business but its not exactly on that side.>> Nestle estimates annual sales from its health science unit will grow from $2 billion to $10 billion but it hasn't said by when and there's concern that a recent spate of acquisitions aren't paying off.
00:01:47
Investors hoping Nestle's latest health kick isn't a bitter pill.