Morningstar

Nestle Chairman to Step Down After Abrupt CEO Firing

Provided by Dow Jones

By Mauro Orru 




  Nestle said Chairman Paul Bulcke would step down after the Swiss giant's abrupt ouster of former Chief Executive Laurent Freixe earlier this month. 



  The maker of Nescafe coffee and Purina pet food said Tuesday that Pablo Isla would replace Bulcke as chairman effective Oct. 1, earlier than planned. Bulcke had overseen a probe that weeks ago led to Freixe's firing over what the company called an undisclosed romantic relationship with a direct subordinate that breached the group's code of conduct. 



  Nestle had appointed Philipp Navratil, CEO of Nestle Nespresso, to succeed Freixe in the top job. 



  "I have full trust in Nestle's new leadership and firmly believe this great company is well positioned for the future," Bulcke said. "This is the right moment for me to step aside and accelerate the planned transition, allowing Pablo and Philipp to advance Nestle's strategy and guide the company with a fresh perspective." 



  Meanwhile, the company appointed Dick Boer as lead independent director and vice chairman of the board of directors as of Oct. 1, while Marie-Gabrielle Ineichen-Fleisch was appointed vice chair of the board. 





  Write to Mauro Orru at mauro.orru@wsj.com 





  (END) Dow Jones Newswires



  September 16, 2025 12:50 ET (16:50 GMT)


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