Nestle CEO Mark Schneider Replaced by Longtime Executive Laurent Freixe

Schneider's eight-year tenure ends amid declining sales and investor concerns, with Freixe set to refocus on core brands and organic growth.

Mark Schneider steps down as Nestle CEO after eight years, succeeded by Laurent Freixe starting September 1.
Freixe, a 38-year Nestle veteran, is expected to prioritize organic growth and core brand focus over acquisitions.
Nestle's stock has fallen nearly 10% in 2024, underperforming rivals like Unilever and Danone.
Schneider's departure follows a period of underperformance, missed earnings, and strategic missteps.
Freixe aims to rebuild market share and customer loyalty in a challenging economic environment.