Particle.news
Download on the App Store
4 ARTICLES
·
7h ago

Pablo Isla to Chair Nestlé From Oct. 1 After Bulcke Steps Down Early

The board accelerated its succession plan to steady governance following the CEO's recent dismissal.

Paul Bulcke's early departure will cap off a change in senior executive and board leadership
Image
Image

Overview

  • Pablo Isla will become chairman on October 1 after the board said Paul Bulcke decided to step down earlier than planned.
  • Bulcke was designated Honorary Chairman in recognition of his long service to the company.
  • Dick Boer was appointed Lead Independent Director and Vice Chairman of the board effective October 1.
  • Marie-Gabrielle Ineichen-Fleisch was named Vice Chair, with the appointment also taking effect on October 1.
  • The shake-up follows Nestlé’s dismissal of CEO Laurent Freixe over an undisclosed relationship and the swift appointment of Nespresso chief Philipp Navratil as CEO, with media reports noting investor pressure for change.