Food New Nestlé CEO Laurent Freixe "is not a temporary solution"
The new Nestlé CEO Laurent Freixe will lead the company for an indefinite period. "No, he is not a temporary solution," said Paul Bulcke, Chairman of the Board of Directors, in an interview. He thus denied speculation to this effect.
25.08.2024, 05:29
SDA
"Transitional solutions are never good," said Bulcke in an interview with the current "NZZ am Sonntag". At 62, Freixe is young. With his 16 years of experience in the Group Executive Board, he was ready for action and fully responsible from the very first minute.
The world's largest food manufacturer announced the change of CEO on Thursday with unusual abruptness. Mark Schneider had to leave with immediate effect. His successor will be the previous head of Latin America, Freixe. The change caused uncertainty and speculation on the stock exchange. Analysts assumed that the 62-year-old CEO could only be a temporary solution.
