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Nestle CEO wants company be open to fresh ideas

Nestle chief executive Philipp Navratil wants the Swiss food company to move fast and be open to fresh ideas, he said today, in his first public comments since taking charge earlier this month.

Business • 18 Sep

Nestle sacks CEO after failing to disclose relationship

Nestle has abruptly dismissed its CEO Laurent Freixe for failing to disclose a romantic relationship with a subordinate, the Swiss food giant said, a dramatic removal exactly a year after he took the reins.

Business • 02 Sep

Nestle to review vitamins business as H1 sales beat

Nestle has today posted better than expected first half organic sales growth as the world's biggest packaged food company announced a strategic review of its vitamins business that could lead to the divestment of some brands.

Business • 24 Jul

Nestle is recovering market share in the US despite concerns stemming from the Trump administration's imposition of tariffs on its key trading partners last month

Nestle to refocus on core business, CEO says

Swiss food giant Nestle is refocusing on the group's core business after straying into segments like health supplements that "weakened the fabric of the organisation," CEO Laurent Freixe was quoted as saying in the Financial Times today.

Business • 22 May

Nestle aims to achieve cost savings of at least $2.83 billion by 2027

Nestle to cut costs, boost marketing under new CEO

Nestle will boost advertising and marketing, trim costs by at least $2.8 billion by 2027 and carve out its water and premium drinks businesses into a standalone global unit as it looks to drive growth under its new chief, the company said today.

Business • 19 Nov 24

Nestle has cut its full-year sales outlook and reported worse-than-expected nine-month organic sales growth

Nestle misses nine-month organic sales forecast

Nestle has announced it is revamping senior leadership and its operating structure, cut its full-year sales outlook and reported worse-than-expected nine-month organic sales growth, after failing to raise volumes amid continued price hikes.

Business • 17 Oct 24

Mark Schneider, Nestle's recently sacked CEO

What went wrong for Nestle CEO Mark Schneider

Mark Schneider, Nestle's recently ousted CEO, steered the world's biggest food maker through the Covid-19 pandemic, grew margins despite a subsequent supply chain crunch, and pulled off a historic reorganisation.

Business • 26 Aug 24

Laurent Freixe