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International Business Times
International Business Times
World
Nathalie OLOF-ORS

Nestle Overhauls Executive Team As Sales Slump

Nestle Laurent Freixe Mark Schneider
Chief executive Laurent Freixe took over from Mark Schneider on September 1 in a surprise change at the top of the food giant (Credit: AFP)

Nestle's new CEO lowered sales growth expectations for 2024 and announced a leadership reshuffle on Thursday in what one analyst described as a "painful reset" for the global food giant.

Chief executive Laurent Freixe took over from Mark Schneider on September 1 in a surprise change at the top of the Swiss group, whose brands including everything from Nespresso coffee capsules to Purina dog food and Haagen-Dazs ice cream.

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