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International Business Times
International Business Times
Business
Agnes PEDRERO

Nestle CEO Schneider To Step Down After Eight Years At Helm

Nestle Mark Schneider Laurent Freixe Paul Bulcke Latin America
Nestle CEO Mark Schneider will leave the company on September 1 (Credit: AFP)

Nestle chief executive Mark Schneider is leaving the Swiss food group after eight years in charge and will be replaced by Latin America boss Laurent Freixe, the company said Thursday.

Schneider "has decided to relinquish his roles as CEO and member of the Board of Directors", Nestle said in a statement, adding that the move would be effective September 1.

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