Time: 2024-08-23
Nestlé announce that Chief Executive Officer Ulf Mark Schneider will be replace by company veteran Laurent Freixe . Schneider , who light-emitting_diode the company for eight old_age , decide to measure down as CEO and a member of the board of director . In response to the challenge confront by the Swiss food group in growth gross_sales , the decision was make to change leadership.
Under Schneider 's leadership , Nestlé switch its structure away from traditional method following the COVID-19 pandemic . The company experience a strong post - pandemic performance but has recently fight , lead to a decrease in its full_moon - year gross_sales mentality . Freixe , set to return over as CEO on September 1 , stress the importance of focus on core trade_name while not opinion out amalgamation and acquisitions.
In his new function , Freixe will leverage his experience derive from assorted position within Nestlé , include pull_off the European business during the 2008 fiscal crisis . The shift in leadership to a veteran of the company represent a tax_return to Nestlé 's practice of promote head executive internally . This move is see as a manner to continue building and strengthening Nestlé travel forward.
Nestlé 's share have worsen by 8 % in 2024 , in contrast to rival like Unilever , which have see a 29 % addition . While other food maker have been successful in lowering monetary_value and increase gross_sales volume , Nestlé has fight to recover shopper loyalty doomed during monetary_value hike make in response to the pandemic and other global event . analyst position the change in leadership as a strategic decision to voyage the change market landscape.
As Freixe fix to return the helm at Nestlé , there be anticipation surround the company 's future direction under his leadership . With a focus on core trade_name and a wealth of experience within the company , the passage to a new CEO Marks a significant moment in Nestlé 's journey to adapt and boom in a competitive industry.
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