Anabelle Colaco
14 Sep 2025, 21:01 GMT+10
VEVEY, Switzerland: Pressure on Nestlé's board intensified as some investors urged Chairman Paul Bulcke to resign after the company ousted a second chief executive in just over a year, the Financial Times reported.
Shareholders told the newspaper that the dismissal of former CEO Laurent Freixe and the way internal investigations were handled deepened concerns about governance and prompted questions over Bulcke's decision-making. Nestlé did not immediately respond to a request for comment.
The Swiss food group abruptly removed Freixe at the start of September for failing to disclose a romantic relationship with a subordinate, a breach of company policy. His exit followed the sudden departure of his predecessor, Mark Schneider, a year earlier. The latest shake-up also came about 2-1/2 months after Bulcke — chairman since 2017 — said he planned to step down next year.
Get a daily dose of Raleigh Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Raleigh Times.
More InformationVEVEY, Switzerland: Pressure on Nestlé's board intensified as some investors urged Chairman Paul Bulcke to resign after the company...
Cupertino, California: Apple's smartwatch is set to get a new health tool next week, after U.S. regulators cleared a feature that can...
REDMOND, Washington: Microsoft and OpenAI have agreed to a new framework for their partnership, signing a non-binding deal that would...
MEXICO CITY, Mexico: Mexico's government unveiled its 2026 budget proposal this week, introducing a sweeping package of new import...
WASHINGTON, D.C.: U.S. regulators are turning up the heat on makers of consumer-facing AI chatbots, demanding details on how companies...
BENGALURU, India: India's vast IT industry is bracing for prolonged uncertainty as U.S. lawmakers debate a proposed 25 percent tax...
WASHINGTON, DC - U.S. Federal authorities have arrested and charged 22-year-old Tyler Robinson, a third-year apprentice electrician, ...
(Photo credit: Steven Bisig-Imagn Images) Bryan Woo posted his American League-leading 21st quality start of the season and struck...
(Photo credit: Bob Donnan-Imagn Images) Josh Hoover tied a career high with four touchdown passes to lead TCU to a 42-21 victory...
(Photo credit: SCOTT CLAUSE / USATODAY Network / USA TODAY NETWORK via Imagn Images) Garrett Nussmeier threw a touchdown pass, Dashawn...
(Photo credit: Bob Donnan-Imagn Images) TCU running back Kevorian Barnes was down for an extended period of time after a 7-yard gain...
(Photo credit: Zachary Taft-Imagn Images) Manaka Matsukubo and Brianna Pinto scored in the first 20 minutes and the North Carolina...
