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flag Nestlé's chairman steps down early after CEO fired over affair, with new leadership appointed amid governance concerns.

flag Nestlé Chairman Paul Bulcke is stepping down early, effective October 1, following the dismissal of CEO Laurent Freixe over a romantic relationship with a subordinate. flag Bulcke, who had planned to retire in April 2026, will become Honorary Chairman. flag Pablo Isla, current Vice-Chairman, will take over as Chairman. flag Dick Boer will serve as Lead Independent Director and Vice Chairman, and Marie-Gabrielle Ineichen-Fleisch has been appointed Vice Chair. flag Philipp Navratil, former Nespresso CEO, will succeed Freixe as CEO. flag The leadership changes follow investor concerns over governance and declining share prices.

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