Peter Brabeck-Letmathe started his career with Nestlé in 1968 and has held various roles including Salesman, National Sales Manager, CEO of Nestlé Ecuador and Venezuela. In 1987 he joined the headquarters as Senior Vice President, than was appointed Executive Vice President, and in 1997 Chief Executive Officer of Nestlé S.A. In 2001 he was elected Vice Chairman of the Board. Mr. Brabeck-Letmathe is Vice Chairman of the Foundation Board of the World Economic Forum. He holds a degree in Economics from the University of World Trade in Vienna. In 2012 he received an Honorary Degree of Doctor of Laws from the University of Alberta in Canada.