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NESTLE CEO NEWS
Nestle’s fresh baby formula woes challenge new CEO’s revamp planNestlé is facing a major infant formula recall just months into CEO Philipp Navratil’s tenure, after a toxin was found in an ingredient sup...- 'Not satisfactory': After Nestle, Australia's Super Retail fires CEO over relationship disclosureSuper Retail Group has fired CEO Anthony Heraghty. This is because he did not fully reveal details about a workplace relationship. The comp...
- How former Nestle CEO Laurent Freixe's affair was exposed. Will he receive exit package? Check detailsNestle has dismissed Laurent Freixe as chief executive with immediate effect over an "undisclosed romantic relationship with a direct subor...
- Nestle shares slump on European STOXX 600 index after CEO sacked over romantic relationship with junior employeeEuropean STOXX 600 index declined 0.1% Tuesday, September 2, as Nestle shares dropped 3.2% following CEO Laurent Freixe's departure over an...
- Laurent Freixe fired: Nestle veteran exits company after nearly 40 years with millions in hand. Check his net worthNestlé fired CEO Laurent Freixe for not disclosing his relationship with a subordinate, an incident found to be in breach of the company’s ...
- Nestle investors face more turbulence after another CEO oustedNestle faces leadership change. Laurent Freixe is out as CEO due to a relationship with a subordinate. Philipp Navratil replaces him. This ...
- Nestle CEO Laurent Freixe sacked over romantic relationship with colleagueNestle CEO Laurent Freixe has been sacked by Swiss food giant. The company has appointed Philipp Navratil as the new Chief Executive Office...
- Diageo CEO Debra Crew steps down as company pursues turnaround, cost cutsDiageo said Crew was leaving immediately by mutual agreement. It did not give further details but said it was maintaining its forecasts for...
- Stocks in news: HUL, Axis Bank, Tata Consumer, LTIMindtree, Adani GreenDomestic markets closed higher amidst volatility, with several companies in focus due to Q4 results and news developments. LTIMindtree repo...
- Nestle to cut costs by $2.8 billion, boost marketing under CEO FreixeNestle, aiming to revive growth, announced a $2.8 billion cost-cutting plan by 2027, alongside increased investment in advertising and mark...
- Stocks in news: Jupiter Wagons, Nestle, RailTel, Bandhan Bank, Godrej Consumer, PG ElectropastJupiter Wagons’ QIP floor price is Rs 689.47. Nestle declared an interim dividend. Govind Singh remains Utkarsh SFB CEO. Godrej Consumer gr...
- Nestle plans to invest Rs 5,000 crore in India by 2025, says CEO Mark SchneiderThe investment would be on capex (capital expenditure), setting up new plants, acquisitions and expansion of the product portfolio of the c...
- Nestle strikes patnership with Alibaba to market its productsUnder the new initiative, Nestle will launch campaign with its diverse products, spanning 30 brands from coffee to baby formula in Alibaba ...
- Why investors shouldn’t be too happy with Nestle’s gainsMany of the analysts have recommended a sell; Nestle may find it difficult to elbow out competition which came up during the Maggi fiasco.
- Ashish Bahuguna appointed as new FSSAI chairmanFormer agriculture secretary Ashish Bahuguna has been appointed as the chairman of the Food Safety and Standards Authority of India.
- Agri-Food and Veterinary Authority allows importers to resume sale of India-made Maggi noodles in SingaporeSingapore had asked retailers to stop selling the product last week, pending tests, after the furore in India over the product.
- Nestle India a classic example of Warren Buffett's strategy of buying business in distress: ExpertsAmid controversies around Maggi, some analysts have turned cautious on Nestle India and see the stock underperform the index in the next 12...
- Nestle bans Indian executives from discussing developments in Maggi issue publiclyNestle India's contribution to the Swiss firm's global revenues is barely 1.8%. Maggi contributes about a third of the Indian unit's annual...
- Nestle sends experts for melamine tests in ChinaThe head of European food giant Nestle said Friday the company had mounted a ``sizable effort'' to ensure the safety of its dairy products ...
- Unilever: Nestle executive to take CEO jobUnilever NV/PLC, the maker of Dove soaps, Axe deodorants and Ben & Jerry's ice cream, said Thursday it will appoint Paul Polman, currently ...
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