Epstein Secrets

ecutive Vice-President Nestle SA Switzerland David Johnson Executive Vice-President and Nalco Europe Netherlands President, Europe, Africa and Middle East Erica L. Johnson Chief Officer, Customer Network Eskom Holdings Limited South Africa Business H. Fisk Johnson Chairman of the Board and Chief

ruk-Kazyna JSC DuPont D.E. Shaw & Co. L.P. United Kingdom Kazakhstan USA USA The Wharton School, USA University of Pennsylvania O Estado de Sao Paulo Brazil RUSAL Russian Federation World Economic Forum Annual Meeting 2011 EFTA_R1_02011069 EFTA02686194 Kiyoshi Kurokawa Professor National

ecutive Vice-President Nestle SA Switzerland David Johnson Executive Vice-President and Nalco Europe Netherlands President, Europe, Africa and Middle East Erica L. Johnson Chief Officer, Customer Network Eskom Holdings Limited South Africa Business H. Fisk Johnson Chairman of the Board and Chief

ruk-Kazyna JSC DuPont D.E. Shaw & Co. L.P. United Kingdom Kazakhstan USA USA The Wharton School, USA University of Pennsylvania O Estado de Sao Paulo Brazil RUSAL Russian Federation World Economic Forum Annual Meeting 2011 EFTA_R1_02011188 EFTA02686271 Kiyoshi Kurokawa Professor National

wth strategy, we are expanding our pres- ence in emerging markets. We define these as selected coun- tries in Asia, South America, Eastern Europe and the Middle East. In 2015, 82 percent of our sales were generated outside Germany. In Germany, sales were 13 percent lower at €2,436 million in 2015. Sales decline

g so much effort? Because of a demanding and steadily growing group of customers—not the children themselves, but their parents. From Shanghai to Sao Paulo, a growing middle class with increasing disposable income is buying more and more modern diapers that promise dry baby bottoms, quieter nights and