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Nestlé has appointed Richard Watson to be its new chief executive for UK and Ireland, as current CEO Stefano Agostini moves to a new role within the company. Watson has been with the company for 27 years and is the current managing director for Nestlé Confectionery in the UK and Ireland. Agostini joined Nestlé in 1989 and became UK and Ireland’s CEO in 2017. Agostini said: "It has been a pleasure and a privilege to lead this great business in the UK and Ireland. I am proud of the many things that we have achieved as a team, the way we have risen to challenges and moved our business forward.” Watson commented: “I would like to thank Stefano for his leadership in the last six years and wish him well in his new role. I am really looking forward to getting started and leading this brilliant team into its exciting next phase." Agostini will become the Head of Confectionery for Nestlé’s Zone Europe, the reshuffle will take effect on 1 March 2023.