New Nestlé CEO Restructures Leadership and Lowers Growth Forecast

Laurent Freixe initiates leadership changes and reduces growth expectations amid underwhelming quarterly results.

Nestlé's new CEO, Laurent Freixe, has restructured the company's leadership, merging the Latin America and North America regions into a single zone.
The company's growth forecast for 2024 has been reduced to around 2%, down from an earlier prediction of at least 3%.
Freixe's leadership changes include reducing the executive committee from 15 to 13 members to streamline operations and improve focus on consumers and customers.
Despite a revenue of 67.2 billion Swiss francs in the first nine months, Nestlé's growth fell short of analyst expectations, which anticipated a 2.5% increase.
Nestlé's operational margin is expected to decrease slightly, with moderate price increases to continue as part of the company's strategy.