REG - Nestle SA Nestle Holdings Inc - Nestlé appoints Laurent Freixe as CEO

Nestle SAAnnouncement

22/08/2024 17:15

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RNS Number : 4868B  Nestle SA  22 August 2024

Nestlé press release

 

 

[Ad hoc announcement pursuant to Art. 53 LR]

 

 

Vevey/Switzerland, August 22, 2024

 

Nestlé appoints Laurent Freixe as CEO of Nestlé S.A., Mark Schneider leaves
the company

 

The Board of Directors of Nestlé has appointed Laurent Freixe, currently
Executive Vice President and CEO Zone Latin America (LATAM), as Chief
Executive Officer Nestlé S.A., effective September 1. The Board has also
nominated Laurent Freixe as a candidate for the Board of Directors at the 2025
Annual General Meeting.

 

Mark Schneider, Chief Executive Officer, has decided to relinquish his roles
as CEO and member of the Board of Directors. Over his 8 years with the
company, he has actively shaped the company's portfolio, in line with
Nestlé's strategy and with a focus on high-growth categories like coffee, pet
care and nutritional health products.

 

Laurent Freixe joined Nestlé in France in 1986. Since then, he has
continuously progressed within the company, assuming various positions of
increasing responsibility across different businesses, markets and Zones. He
successfully managed Zone Europe during the financial and economic crisis,
from 2008 until 2014. He then took over as CEO of Zone Americas, where he
accelerated growth. Following the creation of Nestlé's new Zone structure in
2022, Laurent Freixe was named CEO Zone Latin America, where he has been
successfully leading through challenging conditions.

 

Laurent Freixe has been a member of the Executive Board for 16 years and, as
such, has played an important role in strengthening the strategic direction of
the company and its portfolio. With his profound understanding of Nestlé's
culture and values, he has led several global corporate initiatives to improve
productivity, increase operational efficiency, simplify processes and drive
innovation. Additionally, Laurent Freixe is committed to developing future
leaders and talents, as evidenced by his active role in the Nestlé Leadership
and Training Programs as well as the Nestlé Needs YOUth initiative, which
promotes youth employment.

 

Paul Bulcke, Chairman of the Board of Directors, said: "The Board of Directors
is delighted to announce the appointment of Laurent as the new CEO. I have
known Laurent for a long time and highly regard him as a talented leader with
strategic acumen, extensive in-market experience and expertise as well as a
deep understanding of markets and consumers. He has demonstrated his ability
to deliver results in challenging market conditions. Laurent's curiosity fuels
his passion for innovation and positive change. Laurent is the perfect fit for
Nestlé at this time. Under his leadership, Nestlé will further strengthen
its position as a dependable, reliable company through consistent and
sustainable value creation."

 

Paul Bulcke continued: "I would also like to express our gratitude to Mark for
his significant contributions to Nestlé and for his outstanding, steady
leadership in turbulent times. Mark has been instrumental in the great
progress we have made on our sustainability agenda. We extend our best wishes
to him in all his professional and personal endeavors."

 

Laurent Freixe said: "I am privileged to have been given the opportunity to
continue building and strengthening Nestlé, and I am excited to take on this
responsibility. There will always be challenges, but we have unparalleled
strengths, such as iconic brands and products, an unmatched global presence,
leading innovation and execution capabilities, and above all, exceptional
people and teams. We can strategically position Nestlé to lead and win
everywhere we operate."

 

Mark Schneider said: "Leading Nestlé for the past 8 years has been an honor
for me. I am grateful for what we have achieved, having transformed Nestlé
into a future-proofed, innovative and sustainable business. I would like to
thank the entire Nestlé community for what we have accomplished together and
wish Laurent all the best in his new role."

 

 

Contacts

 

Media

 

Christoph Meier

Tel.: +41 21 924 2200

mediarelations@nestle.com (mailto:mediarelations@nestle.com)

 

Investors

 

Luca Borlini

Tel.: +41 21 924 3509

ir@nestle.com (mailto:ir@nestle.com)

 

 

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