Newscasts - Nestle investors seek more rapid change after chairman's exit
17/09/2025 13:34
Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_4c4bz9b7&referenceId=tag:reuters.com,2025:newsml_RW564017092025RP1_930&pageId=Newscasts Source: 'Reuters - Business videos' Description: Nestle investors and analysts see the early exit of the Swiss company's chairman Paul Bulcke as an opportunity for its new leadership to speed up efforts to boost growth and tackle underperforming businesses and sluggish sales. Rachel Graham has more. Short Link: https://lseg.group/47O5hEC Video Transcript: The early exit of Nestle's chairman Paul Bulcke signals a potential shake-up at the company. Investors and analysts see his departure as an opportunity for its new leadership to speed up efforts to boost growth and tackle underperforming businesses. The Swiss company's shares have slumped over 40% since a peak in 2022, while a tougher consumer environment has resulted in sluggish sales. Bulcke's Tuesday night exit means he will hand over the reins half a year earlier than planned to former Inditex CEO Pablo Isla. That comes weeks after the ousting of the Nescafe maker's CEO over an undisclosed relationship and clears the way for new CEO Philipp Navratil and Isla to take full charge of the company. The management overhaul is the most dramatic in decades for the world's largest consumer goods company. Nestle said on Tuesday Isla and Navratil are committed to an organic growth strategy that will leverage efficiencies to invest behind its strong portfolio and brands. Investors are calling for faster sales growth, more efficiencies, lower costs, and more investment behind the company's big brands, which include Nesquik, Maggi, and KitKat.