ZURICH/LONDON, Aug 25 (Reuters): Nestle CEO Mark Schneider was ousted in a sudden decision by the world's biggest foodmaker as a result of the group's underperformance, three sources familiar with the matter told Reuters on Friday.
Nestle announced Schneider's departure late on Thursday following a board meeting and appointed company veteran Laurent Freixe as its new CEO. This put an end to a near eight-year tenure by Schneider, a 58-year-old German, the first company outsider to lead Nestle in nearly a century.
Nestle CEO Schneider was ousted after underperformance
FE Team | Published: August 26, 2024 00:54:40
Nestle CEO Schneider was ousted after underperformance
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