Overview

• Paul Bulcke left the board earlier than planned and was named President Honorary.
• Isla joined Nestlé’s board in 2018 and most recently served as vice chair and lead independent director.
• He becomes the first Nestlé president to take the role without prior executive positions inside the company.
• Market watchers say his near-term tasks include restoring volume growth, improving profitability, and sharpening the approach to M&A and emerging markets.
• Nestlé is targeting CHF 2.5 billion in savings by 2027 under Fuel for Growth as it prioritizes core brands and navigates cost pressures in commodities such as cocoa and coffee.