An image taken on March 4, 2024 reveals an indication of Swiss meals big Nestle on their Swiss headquarters in La Tour-de-Peilz, close to Vevey. (Picture by Fabrice COFFRINI / AFP)
Geneva, Switzerland — Nestle chief government Mark Schneider is leaving the Swiss meals group after eight years in cost and shall be changed by Latin America boss Laurent Freixe, the corporate stated Thursday.
Schneider “has determined to relinquish his roles as CEO and member of the Board of Administrators”, Nestle stated in a press release, including that the transfer could be efficient from September 1.
“Main Nestle for the previous 8 years has been an honor for me. I’m grateful for what we’ve got achieved, having reworked Nestle right into a future-proofed, revolutionary and sustainable enterprise,” Schneider stated within the assertion.
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Freixe, who joined Nestle in France in 1986, “efficiently managed” the corporate’s European zone throughout the 2008 monetary disaster and till 2014, the assertion stated.
He was then named CEO of the Americas area earlier than taking on on the newly created Latin America zone in 2022, “the place he has been efficiently main via difficult situations”.
Nestle stated Freixe has been nominated as a candidate for the board of administrators at its 2025 annual basic assembly.
‘Excellent match’
Nestle, whose manufacturers vary from Nespresso espresso capsules to Purina pet food and Haagen-Dazs ice cream, lowered its gross sales development outlook for 2024 final month because it slowed its value will increase within the first half of the 12 months.
The worldwide packaged-food big and its rivals had logged excessive gross sales development previously three years as they raised costs to make up for larger prices as a result of hovering inflation.
The corporate has additionally confronted controversy in recent times, with Swiss NGO Public Eye accusing Nestle of promoting child meals with excessive ranges of added sugar in low-income international locations however not in wealthier nations.
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Nestle has countered that it had “no double normal” and utilized the identical vitamin and well being rules in every single place.
It has additionally scrambled to ease any issues over its Perrier model after France’s meals security watchdog really useful stricter monitoring of web sites the place Nestle extracts mineral water following the invention of traces of “faecal” contamination.
The corporate has since stated it has stepped up monitoring of the websites, and Schneider has stated the group’s water was secure to drink.
Freixe acknowledged that “there’ll at all times be challenges” however expressed confidence in Nestle’s capability to “lead and win in every single place we function”.
Nestle stated Thursday that Schneider “has actively formed the corporate’s portfolio, in step with Nestle’s technique and with a deal with high-growth classes like espresso, pet care and dietary well being merchandise”.
Nestle chairman Paul Bulcke praised Freixe as “a gifted chief with strategic acumen, intensive in-market expertise and experience in addition to a deep understanding of markets and customers”.
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“Laurent is the proper match for Nestle at the moment,” Bulcke added.
