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Austrian businessman (born 1944)

Peter Brabeck-Letmathe (born 13 November 1944) is an Austrian businessman.

He is the chairman emeritus, former chairman and CEO (1997–2008) of the Nestlé Group,^[1] and former chairman of Formula One.^[2]

Early life

Brabeck-Letmathe was born in Villach, Austria, into a family with its origins in Iserlohn-Letmathe in north-western Germany.

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He studied economics at the University of World Trade (today Vienna University of Economics and Business).

Early career at Nestlé

He joined Nestlé in 1968 in Austria as a salesman, later becoming a specialist for new products.

His career within the group included a span of almost 10 years in Chile (1970–1980), first as national sales manager and later as director of marketing. In 1981, he was appointed managing director of Nestlé Ecuador and in 1983, president and managing director of Nestlé Venezuela.

In October 1987, he was transferred to Nestlé's internation