Leadership Upheaval at Nestlé: New Management Takes Charge Amid Crisis

Nestlé finds itself navigating a significant leadership crisis following the sudden dismissal of CEO Laurent Freixe in early September. The Swiss food giant has turned to an internal veteran and an external strategic appointment to restore investor confidence and stabilize its underperforming shares.

The company’s board acted decisively in early September, terminating CEO Laurent Freixe with immediate effect after just one year in the role. An internal investigation confirmed a violation of the corporate code of conduct involving an undisclosed relationship with a subordinate. This marks the second CEO change within a short timeframe, creating substantial uncertainty among investors.

The leadership crisis emerges during an already challenging period for Nestlé. While the company’s internal “Speak Up” reporting... Read more...