Nestl\u00e9 has strongly rejected recent allegations against two former executives concerning Quality Coffee Products Co., Ltd. (QCP), affirming that the company has strictly adhered to corporate governance standards and applicable laws throughout its business partnership with the entity.<\/p>\n
The company addressed recent police summonses issued to two individuals\u2014one formerly employed by QCP and another who previously worked with the firm\u2014following a complaint lodged by Mr. Prayudh Mahagitsiri. Nestl\u00e9 clarified that both individuals had already resigned or retired and departed Thailand prior to the issuance of the summonses, resulting in the notices being delivered to locations where they neither live nor work.<\/p>\n
Potential arrest warrants stemming from their non-appearance with authorities are strictly tied to procedural failure to meet the police due to absence from the country, rather than any proven wrongdoing. Nestl\u00e9 stressed that the allegations raised in the complaint remain entirely unproven by any court or official authority.<\/p>\n
The joint venture agreement between Nestl\u00e9<\/b> and Quality Coffee Products Co., Ltd. (QCP)<\/b> was officially terminated on 31 December 2024<\/b>, leading to the complete cessation of operations and the termination of QCP\u2019s rights to manufacture NESCAF\u00c9 products.<\/p>\n
Following more than a year of inactive operations and no resolution among shareholders, former QCP Managing Director Mr. Ramon Mendivil<\/b> stepped down in January 2026<\/b> to pursue other career paths. Meanwhile, Mr. Victor Seah<\/b>, who served as Chairman and Chief Executive Officer of Nestl\u00e9 Indochina<\/b>, officially retired on 30 June 2026<\/b> after eight years of service in Thailand.<\/p>\nOperational Continuity and Local Commitment<\/h2>\n
Nestl\u00e9 reaffirmed its ongoing business operations in Thailand, focusing on supplying products to local consumers while supporting the economy, society, and the environment. The company continues its procurement activities as a major buyer of locally cultivated Robusta coffee beans from Thai farmers.<\/p>\n
#Nestle #QCP #CorporateGovernance #BusinessNews #Thailand #NESCAFE<\/p>\n","protected":false},"excerpt":{"rendered":"
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