Reported about 2 months ago
Nestle's shares fell nearly 4% following the unexpected exit of CEO Mark Schneider, replaced by Laurent Freixe, who has a long history with the company. Schneider’s departure marks the end of his nearly eight-year tenure, during which investor confidence waned. Freixe aims to restore market share and focus on organic growth as Nestle prepares to enhance its sales performance after struggling in recent quarters.
Source: YAHOO