Nestle Chairman Steps Down After Stock Plummets 40% - What It Means for Investors
Key Points
- Nestlé's leadership overhaul begins as Chairman Paul Bulcke ...
When your stock drops 40% in three years and your CEO gets fired for "conduct issues," it's probably time to admit that maybe the leadership recipe needs some tweaking. That's exactly what's happening at Nestlé, where Paul Bulcke is stepping down as Chairman on October 1st, making way for Pablo Isla in what amounts to a corporate game of musical chairs - except the music stopped playing somewhere around 2022.
When Good Governance Goes Bad
Bulcke's exit comes hot on the heels of CEO Laurent Freixe's abrupt dismissal for unspecified conduct breaches. Freixe lasted just over a year in the r...
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