Laurent Freixe joined Nestle in France in 1986
Geneva, Switzerland:
Nestle chief government Mark Schneider is leaving the Swiss meals group after eight years in cost and will probably be changed by Latin America boss Laurent Freixe, the corporate stated Thursday.
Schneider “has determined to relinquish his roles as CEO and member of the Board of Administrators”, Nestle stated in a press release, including that the transfer can be efficient September 1.
“Main Nestle for the previous 8 years has been an honor for me. I’m grateful for what now we have achieved, having remodeled Nestle right into a future-proofed, modern and sustainable enterprise,” Schneider stated within the assertion.
Freixe, who joined Nestle in France in 1986, “efficiently managed: the corporate’s European zone in the course of the 2008 monetary disaster and till 2014, the assertion stated.
He was then named CEO of the Americas area being taking on on the newly created Latin America zone in in 2022, “the place he has been efficiently main by difficult circumstances”.
Nestle stated Freixe has been nominated as a candidate for the board of administrators at its 2025 annual normal assembly.
‘Excellent match’
Nestle, whose manufacturers vary from Nespresso espresso capsules to Purina pet food and Haagen-Dazs ice cream, lowered its gross sales development outlook for 2024 final month because it slowed its value will increase within the first half of the yr.
The worldwide packaged-food big and its rivals had logged excessive gross sales development previously three years as they raised costs to make up for larger prices as a consequence of hovering inflation.
The corporate has additionally confronted controversy lately, with Swiss NGO Public Eye accusing Nestle of promoting child meals with excessive ranges of added sugar in low-income nations however not in wealthier nations.
Nestle has counted that it had “no double customary” and utilized the identical vitamin and well being rules in every single place.
It has additionally scrambled to ease any issues over its Perrier model after France’s meals security watchdog beneficial stricter monitoring of websites the place Nestle extracts mineral water following the invention of traces of “faecal” contamination.
The corporate has since stated it has stepped up monitoring of the websites, and Schneider has stated the group’s water was protected to drink.
Nestle stated Thursday that Schneider “has actively formed the corporate’s portfolio, in keeping with Nestle’s technique and with a concentrate on high-growth classes like espresso, pet care and dietary well being merchandise”.
Nestle chairman Paul Bulcke praised Freixe a “a proficient chief with strategic acumen, in depth in-market expertise and experience in addition to a deep understanding of markets and shoppers”.
“Laurent is the proper match for Nestle presently,” Bulcke added.
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