Nestle appoints Laurent Freixe as new CEO, replacing Mark Schneider, effective September 1.
Nestlé has appointed Laurent Freixe as its new CEO, effective September 1, as current CEO, Mark Schneider, steps down after eight years. Freixe, a Nestlé veteran of 37 years and 16-year member of its executive board, will take over amid challenges such as a cost-of-living crisis affecting its customers, with shares having dipped 8%. Freixe has held various positions of increasing responsibility across different businesses, markets, and zones during his tenure at Nestlé.
August 22, 2024
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