US EditionNestle says chairman Paul Bulcke to step down
Paul Bulcke accelerates his planned exit amid investor unrest and governance concerns following consecutive CEO dismissals; Pablo Isla assumes chairmanship to restore stability and confidence.
- Nestle said on Tuesday its chairman Paul Bulcke would hand over to former Inditex CEO Pablo Isla on Oct. 1, accelerating a leadership change.
- The decision comes just two weeks after CEO Laurent Freixe was fired over an undisclosed relationship, amid concerns over stalling sales growth and rising debt.
- Incoming chairman Isla showed strong leadership at Zara owner Inditex, and Bulcke said the new leadership would bring a fresh perspective to address Nestle's challenges.
82 Articles
82 Articles
Nestle chairman to step down early after CEO ouster | Honolulu Star-Advertiser
ZURICH >> Nestle said on Tuesday its chairman Paul Bulcke would hand over to former Inditex CEO Pablo Isla on Oct. 1, accelerating a changing of the guard at the Swiss food giant after an unprecedented period of managerial turmoil.
The Spanish businessman Pablo Isla, former president and CEO of Inditex, will take over the presidency of ...
The board of directors of Nestlé decided to forward the appointment of Pablo Isla as president of the company to next October 1, instead of doing so in April 2026 as initially announced, according to the company in a statement.Island will replace Paul Bulcke in office, who pointed out that he fully trusts in the new direction of the company after the anticipation of the appointment of Isla. “This is the right time for me to step aside and accele…
Coverage Details
Bias Distribution
- 38% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
