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Nestlé, the $116 billion food and beverage company, named Wan Ling Martello CFO. She succeeds Jim Singhe, who will retire in the spring. Martello, 53, has been executive vice president of global e-commerce for Wal-Mart for the past six years. From 1998 to 2005, she worked at NCH Marketing Services, where she was CFO, chief operating officer and then president of its U.S. business. Earlier, Martello was corporate controller for Borden Foods and held finance and business administration positions at Kraft Foods.

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