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 Beijing Bulletin 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 Beijing Bulletin.
More InformationCupertino, 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...
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...
AUSTIN, Texas: After a breathtaking rally that pushed Oracle to the brink of the trillion-dollar club, the stock cooled on Thursday...
SEOUL, South Korea: South Korea's president warned that Korean companies may think twice before expanding in the United States unless...
VEVEY, 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...
