Reported about 7 hours ago
Nestle investors are urging Chairman Paul Bulcke to resign following the recent departure of a second CEO in over a year, with concerns over governance and decision-making at the company. Shareholders are troubled by the dismissal of Laurent Freixe, who was let go for failing to disclose a romantic relationship with a subordinate, and this scrutiny coincides with doubts about Nestle's recovery post-pandemic. Bulcke, who has been chairman since 2017, faced a significant decline in support during his recent re-election.
Source: YAHOO