Nestle Investors Face More Turbulence After Another CEO Ousted
Nestle investors were pitched back into choppy waters on Tuesday after the Swiss food giant changed its CEO for the second time in a year, ousting boss Laurent Freixe over an affair he had with a subordinate.
Freixe's sudden replacement by Philipp Navratil, a rising star of the company, is the latest setback for the maker of Nescafe coffee and KitKat chocolate bars, which has been struggling to turn around a sustained slide in its share price after an uneven performance since the pandemic.
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.