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April 11, 2014 AT 11:46 AM
The chairman of Nestle, the world's largest food group, will undergo treatment for a curable illness but this will not affect his ability to carry out his job, the company said. In a brief statement published late on Friday, the Swiss company said Peter Brabeck-Letmathe had been diagnosed with a curable illness and would need periodic medical treatment over the next six months. The 69-year-old Austrian is also chairman of motor racing business Formula One. Nestle said "This does not affect Mr. Brabeck-Letmathe's ability to carry out his role as chairman of the Nestle Board of Directors and he will continue to fully exercise his duties during the treatment period."