Nestle SA ADR

NSRGY: PINX (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$269.00	Czsw	Jfldcnfyv

Nestle: Board Announces Leadership Change Amid Strategic Transition

Ioannis Pontikis

Aug 26, 2024

On Aug. 22, Nestlé announced the appointment of Laurent Freixe, executive vice president and CEO of Zone Latin America, as companywide CEO following Mark Schneider's decision to step down. This leadership transition comes as a surprise, given Schneider's pivotal role in reshaping Nestlé over the past eight years. Despite the company’s recent share price underperformance, Schneider’s tenure has been marked by significant strategic initiatives, including targeted acquisitions, divestments, and the creation of the consumer health science division, in addition to sharpening the company’s focus on core categories, particularly petcare and coffee.

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