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Nestlé's chairman steps down early after CEO fired over affair, with new leadership appointed amid governance concerns.
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.
Bulcke, who had planned to retire in April 2026, will become Honorary Chairman.
Pablo Isla, current Vice-Chairman, will take over as Chairman.
Dick Boer will serve as Lead Independent Director and Vice Chairman, and Marie-Gabrielle Ineichen-Fleisch has been appointed Vice Chair.
Philipp Navratil, former Nespresso CEO, will succeed Freixe as CEO.
The leadership changes follow investor concerns over governance and declining share prices.
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El presidente de Nestlé renuncia antes de tiempo después de que el director ejecutivo fue despedido por una aventura amorosa, con un nuevo liderazgo nombrado en medio de preocupaciones de gobernanza.