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Overview
- Paul Bulcke will leave the chairmanship on October 1, bringing forward a departure previously expected in April 2026, with vice‑chair Pablo Isla set to take over.
- Nestlé said the leadership shift comes after an internal investigation found former CEO Laurent Freixe had a romantic relationship with a direct subordinate in violation of the company’s Code of Conduct.
- The probe was led by Bulcke and independent director Pablo Isla with support from external lawyers, according to the company.
- Philipp Navratil has been appointed CEO, and the board stated the company’s strategic direction will remain unchanged.
- The Financial Times reported that investors had urged Bulcke to step down following the exit of a second chief executive in just over a year.