Nestle CEO Mark Schneider’s departure is perceived favorably by investors. Analyst Jon Cox from Kepler Cheuvreux highlighted investors’ dissatisfaction following a series of lackluster performances and strategic missteps under Schneider’s leadership. Schneider, at the helm since 2017, will be succeeded by company veteran Laurent Freixe on September 1. Nestle shares dipped by 2.57% following the announcement. Cox believes that Freixe’s appointment, given his extensive tenure at Nestle, will bolster investor confidence amid struggles with market share and earnings. Deutsche Bank forecasts a focus on top-line growth over mergers and acquisitions under Freixe’s leadership.
Consumer Goods, Corporate Governance,Switzerland, Global
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