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Nestle S.A. appoints Laurent Freixe as CEO, Mark Schneider leaves
The board of directors of Nestle has appointed Laurent Freixe, currently Executive Vice President and CEO Zone Latin America, or LATAM, as Chief Executive Officer Nestle S.A., effective September 1. The board has also nominated Laurent Freixe as a candidate for the board of directors at the 2025 Annual General Meeting. Mark Schneider, Chief Executive Officer, has decided to relinquish his roles as CEO and member of the board of directors, the company stated. Paul Bulcke, Chairman of the Board of Directors, said: "The Board of Directors is delighted to announce the appointment of Laurent as the new CEO. I have known Laurent for a long time and highly regard him as a talented leader with strategic acumen, extensive in-market experience and expertise as well as a deep understanding of markets and consumers. He has demonstrated his ability to deliver results in challenging market conditions. Laurent's curiosity fuels his passion for innovation and positive change. Laurent is the perfect fit for Nestle at this time. Under his leadership, Nestle will further strengthen its position as a dependable, reliable company through consistent and sustainable value creation."