Nestlé Appoints Laurent Freixe as New CEO
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Nestlé Appoints Laurent Freixe as CEO
The Board of Directors of Nestlé has appointed Laurent Freixe, currently Executive Vice President and CEO Zone Latin America (LATAM), as Chief Executive Officer Nestlé S.A., effective September 1. This decision marks a significant transition for the company as it seeks to solidify its position in the market.
Mark Schneider's Departure
Mark Schneider, the outgoing Chief Executive Officer, has decided to relinquish his roles as CEO and member of the Board of Directors. Under his leadership over the past eight years, Schneider has actively shaped the company’s portfolio, aligning it with Nestlé’s strategy and a focus on high-growth categories like coffee, pet care, and nutritional health products.
Laurent Freixe's Career at Nestlé
Laurent Freixe joined Nestlé in France in 1986. Throughout his long tenure, he has held various positions of increasing responsibility across different businesses, markets, and Zones, showcasing his adaptability and leadership skills. Notably, he successfully managed Zone Europe during the financial and economic crisis from 2008 to 2014, steering the company through challenging times. His recent role as CEO of Zone Latin America further highlights his ability to drive growth in complex environments.
Leadership and Strategic Direction
As a member of the Executive Board for 16 years, Freixe has played an essential role in reinforcing the strategic direction of Nestlé and enhancing its portfolio. His deep understanding of Nestlé’s corporate culture and values has enabled him to lead several global initiatives aimed at improving productivity, increasing operational efficiency, simplifying processes, and driving innovation. Moreover, Freixe is committed to nurturing future leaders, actively participating in leadership programs within the company.
Vision for the Future
Paul Bulcke, Chairman of the Board of Directors, expressed confidence in Freixe’s capabilities, stating, "The Board of Directors is delighted to announce the appointment of Laurent as the new CEO. His strategic acumen, extensive market experience, and deep understanding of consumers make him an ideal fit for Nestlé as we move forward. With him at the helm, Nestlé will strengthen its presence as a reliable company dedicated to sustainable value creation."
Gratitude Towards Mark Schneider
Bulcke also acknowledged Schneider’s contributions, highlighting his steady leadership during turbulent times and his significant role in advancing Nestlé’s sustainability agenda. Schneider’s efforts have set a strong foundation for future growth, and the company hopes to build upon these achievements moving forward.
Freixe's Commitment to Nestlé
In his acceptance of the new role, Laurent Freixe remarked, "I am privileged to have been given the opportunity to continue building and strengthening Nestlé. Our iconic brands, unmatched global presence, and exceptional teams position us well for success. I am eager to tackle the challenges ahead and lead Nestlé towards even greater accomplishments.”
Mark Schneider’s Reflections
Reflecting on his tenure, Schneider stated, "Leading Nestlé for the past eight years has been an honor. I am proud of what we achieved together, transforming Nestlé into a future-proofed, innovative business. I wish Laurent success as he embraces this new chapter.”
As Nestlé embarks on this new journey under Laurent Freixe, the company aims to further enhance its commitment to innovation and excellence within the food and beverage industry.
Frequently Asked Questions
Who is the new CEO of Nestlé?
The new CEO of Nestlé is Laurent Freixe, effective September 1.
What role did Mark Schneider have at Nestlé?
Mark Schneider served as the Chief Executive Officer of Nestlé for eight years before stepping down.
What has Laurent Freixe achieved at Nestlé?
Freixe has held various leadership roles, including CEO of Zone Latin America, and has been instrumental in driving growth and innovation.
What are Nestlé's future plans under Freixe?
Under Freixe's leadership, Nestlé aims to enhance its position as a reliable company focused on sustainable value creation and innovation.
How long has Laurent Freixe been with Nestlé?
Laurant Freixe has been with Nestlé since 1986, amassing over three decades of experience within the company.
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