Nestle announces succession plan for board chair
Global food company Nestle’s chair Paul Bulcke will step down at its next annual meeting in April 2026.
That now includes the world’s leading cocoa malt beverage, Milo. Nestlé Australia says it is introducing a plant-based version of the famous powder that was first introduced in 1934.
The new Milo replaces milk powder with soy and oats. The core ingredients are the same as the original Milo – malt, barley and cocoa.
Nestle says the Milo development team worked hard to make sure it kept the same unmistakable choc-malt taste and iconic crunch that that Australians have grown up with.
Wonder how Oz milo lovers would react?
