Core Viewpoint - Nestlé is undergoing significant leadership changes with the early resignation of Paul Bulcke and the appointment of Pablo Isla as the new Chairman, alongside Philipp Navratil as CEO, marking a pivotal moment for the 159-year-old company [1][2]. Leadership Transition - Paul Bulcke, who has been with Nestlé for 46 years, will step down from the board, with Pablo Isla taking over as Chairman on October 1 [1][2]. - Pablo Isla, previously CEO and Chairman of Inditex, is recognized for leading the company to a sixfold increase in market value during his tenure [2]. - The transition was expedited, with Bulcke expressing confidence in the new leadership team and the company's readiness for future growth [2]. Board Changes - Alongside the leadership changes, Dick Boer will become the Chief Independent Director and Vice Chairman of the board, with Marie-Gabrielle and Ineichen-Fleisch also appointed as Vice Chairpersons [3]. - The previous CEO, Laurent Freixe, was dismissed due to a violation of Nestlé's business conduct code, leading to the appointment of Philipp Navratil as the new CEO [3]. Strategic Focus - The "forward to basics" strategy is central to Nestlé's future direction, emphasizing a return to core products and investment in nutrition [4]. - Pablo Isla's primary task will be to advance this strategy, focusing on high-potential products like Nestlé coffee and implementing cost-saving measures [4]. - The new management team aims to leverage Nestlé's strong product portfolio for organic growth [4]. Financial Performance - In the first half of the year, Nestlé's sales in the Greater China region amounted to 2.47 billion Swiss francs, reflecting a year-on-year decline of 6.4% [5]. - Sales in the U.S. and France also saw declines of 1.58% and 3.8%, respectively, while the UK market experienced a slight growth of 0.65% [5]. Market Outlook - The frequent changes in Nestlé's upper management may impact the continuity of strategies in the Greater China region, but the company is expected to optimize its established management systems [6]. - Analysts express confidence in Nestlé's robust internal structure and strategic framework, suggesting that the new leadership will likely innovate within existing strategies [6]. - The direction of Nestlé in the Chinese market under the new leadership remains to be observed following Navratil's official appointment [6].

Core Viewpoint - Nestlé is undergoing significant leadership changes with the early resignation of Paul Bulcke and the appointment of Pablo Isla as the new Chairman, alongside Philipp Navratil as CEO, marking a pivotal moment for the 159-year-old company [1][3][5]. Leadership Transition - Paul Bulcke, who has been with Nestlé for 46 years, will step down earlier than expected, with Pablo Isla taking over as Chairman on October 1 [1][3]. - Bulcke's tenure included roles as CEO from 2008 to 2016 and Chairman from 2017 to 2025, during which he led several strategic initiatives [3]. - Pablo Isla, previously CEO and Chairman of Inditex, is recognized for increasing the company's market value sixfold during his 17 years there [3][4]. Strategic Focus - The transition comes as Nestlé emphasizes its "Back to Basics" strategy, which aims to focus on high-potential products like Nestlé coffee concentrates and continue investments in nutrition [6]. - Isla's partnership with Navratil is expected to drive organic growth and enhance the efficiency of Nestlé's product portfolio [7]. Market Performance - In the first half of the year, Nestlé's sales in Greater China amounted to 2.47 billion Swiss francs, reflecting a year-on-year decline of 6.4%, contrasting with more stable performances in other regions [7][8]. - The leadership changes may influence strategic continuity in the Greater China market, with potential adjustments to align with local market dynamics [8]. Future Outlook - As of October 1, with Navratil's official appointment, the direction of Nestlé in the Chinese market will be closely monitored for strategic developments [9].

今年以来，百年食品饮料巨头雀巢集团持续面临人事变动。先是雀巢集团原CEO（首席执行官）Laurent Freixe（傅乐宏）因"办公室恋情"未披露而被解雇， 新任CEO Philipp Navratil火速走马上任。 图片来源：雀巢官网截图 傅乐宏上任一年，对中国市场业务也做了不小的调整：首先是大中华区被重新纳入AOA大区（亚洲、大洋洲和非洲大区）；再者，公司在大中华区市场频 繁进行人事变动，包括1号位（指负责人）张西强卸任，咖啡业务负责人变动等；此外，业务模式上也有调整。 雀巢集团又在当地时间9月16日宣布董事会主席保罗·薄凯（Paul Bulcke）决定提前卸任，新任董事会主席Pablo Isla将在10月1日接任。 9月17日，《每日经济新闻》记者从雀巢中国方面确认，雀巢研发中国的总经理也将换人。 这背后是雀巢的中国市场业务在面临"阵痛期"。上半年，雀巢大中华区市场的有机增长率为-4.2%。 不仅仅是雀巢，今年以来，多家食品饮料外企都在调整中国业务。毕竟，中国市场对于食品饮料巨头而言是一个不可忽视的存在，如今的调整是为了公司在 市场变化中稳步前行。就领头羊雀巢集团来看，它在中国市场遇到了哪些变化？集团具 ...

每经记者｜范芊芊 每经编辑｜文多 今年以来，百年食品饮料巨头雀巢集团持续面临人事变动。先是雀巢集团原CEO（首席执行官）Laurent Freixe（傅乐宏）因"办公室恋情"未披露而被解雇， 新任CEO Philipp Navratil火速走马上任。 雀巢集团又在当地时间9月16日宣布董事会主席保罗·薄凯（Paul Bulcke）决定提前卸任，新任董事会主席Pablo Isla将在10月1日接任。 图片来源：雀巢官网截图 傅乐宏上任一年，对中国市场业务也做了不小的调整：首先是大中华区被重新纳入AOA大区（亚洲、大洋洲和非洲大区）；再者，公司在大中华区市场频 繁进行人事变动，包括1号位（指负责人）张西强卸任，咖啡业务负责人变动等；此外，业务模式上也有调整。 9月17日，《每日经济新闻》记者从雀巢中国方面确认，雀巢研发中国的总经理也将换人。 这背后是雀巢的中国市场业务在面临"阵痛期"。上半年，雀巢大中华区市场的有机增长率为-4.2%。 不仅仅是雀巢，今年以来，多家食品饮料外企都在调整中国业务。毕竟，中国市场对于食品饮料巨头而言是一个不可忽视的存在，如今的调整是为了公司在 市场变化中稳步前行。就领头羊雀巢集团来看， ...

Philipp Navratil在其前任弗雷克(Laurent Freixe)因一起未披露的办公室关系被解职后获得晋升。他表示， 他还专注于实现雀巢的2025年目标——今年7月，雀巢表示，预计今年的有机销售增长将加快，利润率 将达到或超过16%。 值得一提的是，周二晚间，雀巢董事长布尔克(Paul Bulcke)提前卸任。这一消息距前任首席执行官弗雷 克被解职仅数周时间。布尔克与弗雷克均为雀巢长期内部人士。这两位关键高管的快速离任被视为公司 潜在大幅调整的信号。投资者及分析师认为，布尔克的提前卸任为新领导层提供了加快推动增长、解决 业绩不佳业务和应对销售低迷问题的一个机会。 （原标题：雀巢(NSRGY.US)新任CEO：希望公司加快行动并对新想法保持开放态度） 智通财经APP获悉，雀巢(NSRGY.US)的首席执行官Philipp Navratil周四表示，希望这家全球食品巨头能 够加快行动，并对新想法保持开放态度。这是他本月初接任雀巢首席执行官以来首次公开发表评论。 Philipp Navratil在一次全球员工活动后在领英上发帖表示："我们每个人可以做些什么，让雀巢变得更 好、更聪明、更快速?""我们正在 ...

经济观察网据智通财经，瑞士食品巨头雀巢董事长提前半年卸任，高管团队近期密集洗牌。9月17日， 雀巢集团董事会宣布，雀巢董事长保罗.薄凯(Paul Bulcke)决定卸任，现任副董事长巴勃罗.伊斯拉(Pablo Isla)将于10月1日接任董事长一职。在声明中，薄凯表示，自己对雀巢的新领导层充满信心，坚信雀巢 已为未来做好了充分准备。此刻是自己卸任、加速推进领导层换届的最佳时机，让伊斯拉和菲利普.纳 夫拉蒂尔(近期新任CEO)推进雀巢的战略，并以全新的视角引领公司发展。" ...

北京商报讯（记者 孔文燮）9月18日，北京商报记者从雀巢中国官网获悉，雀巢集团董事会宣布，在保 罗·薄凯（Paul Bulcke）决定提前卸任董事会职务后，Pablo Isla将于10月1日起正式出任董事会主席。 自10月1日起，Dick Boer将被任命为首席独立董事兼董事会副主席。此外，Marie-Gabrielle Ineichen- Fleisch将被任命为董事会副主席。 雀巢董事会主席保罗·薄凯表示："我完全信任雀巢的新领导团队，并坚信这家卓越的公司已为未来发展 做好充分准备。此刻正是我卸任并加快推进计划中的过渡的恰当时机，这能让Pablo与费耐睿（Philipp Navratil）进一步推进雀巢的战略，并以全新视角引领公司发展。我祝愿整个雀巢大家庭在未来续写辉 煌。" 现任董事会副主席兼候任董事会主席Pablo Isla则表示："我谨代表董事会，对保罗的领导以及他对雀巢 始终如一的奉献表达衷心的感谢。保罗的智慧与担当塑造了公司，并为我们即将掀开的新篇章奠定了坚 实基础。为肯定他长期以来的杰出贡献与忠诚服务，我们特授予保罗为集团名誉主席。" ...

9月17日，据雀巢集团官方网站消息，现董事会主席保罗.布克(Paul Bulcke)决定提前卸任董事会职务，副董事长巴勃罗.伊斯拉(Pablo Isla)将于今年10月1日起 接任董事长一职。 全球最大的食品饮料公司——瑞士巨头雀巢(Nestlé)的治理危机似乎正向更深处发酵。 值得注意的是，布克原计划于2026年4月才退休，而其"闪电下课"距离雀巢前CEO傅乐宏(Laurent Freixe)因"办公室恋情"丑闻被解雇，也仅过去15天。 布克的仓促离场，或是这场高层动荡的终章。但在外界眼中，向来以稳健、审慎乃至刻板著称的雀巢，短短13个月内上演了两位CEO下台、一位董事长"引 咎"的极端戏码，无疑是雀巢业绩下滑与治理模式陈旧的集中爆发。 人事"多米诺"：从CEO丑闻到董事会"逼宫" 保罗.布克的离任，是一场被投资者"倒逼"的权力更迭，他也成为雀巢近20年来首位"被辞职"的董事长。 公开资料显示，保罗.布克出生于1954年，1979年加入雀巢集团，从市场营销培训生做起，曾担任雀巢葡萄牙市场总裁、雀巢德国市场总裁、雀巢公司CEO 等，至今已在雀巢公司工作46年、掌舵8年。 保罗.布克(Paul Bulcke) ...

｜ 2025年9月18日星期四｜ NO.1雀巢中国研发"一号位"变动 据市场消息，雀巢研发中国总经理孙忠伟将调任新职，现任新加坡区域研发中心(服务东南亚市场)及冰 淇淋研发团队负责人Guglielmo Bonora将接棒这一岗位，该任命将于2025年10月1日起生效。在本次最新 调整的背后，是雀巢正在优化其大中华区研发模式，以支持大中华区的转型和加速发展。此前，马凯思 (Kais Marzouki)已在7月1日正式出任雀巢大中华区董事长兼首席执行官，他曾对在华员工表示："让我 们齐心协力，以消费者和客户为核心，不断提升我们的品类与品牌。" 点评：雀巢研发中国总经理的人事变动，折射出其在华战略布局调整。新帅Bonora过往经验丰富，涵盖 多区域及品类。此举配合研发模式优化，聚焦核心战略，强化协同。面对中国复杂且竞争激烈的食品饮 料市场，这有望加快创新速度，契合本土需求，提升产品竞争力，助力雀巢在华重夺增长优势，值得资 本市场关注其后续成效。 NO.21月至8月全国铁路发送旅客32亿人次创历史新高 近日，广东潮宏基（002345）实业股份有限公司向港交所递交上市申请，拟冲刺"A+H"上市，中信证券 为独家保荐人。 ...

Group 1 - Nestlé is optimizing its R&D model in Greater China to support transformation and accelerate development, with a leadership change in the R&D department [1] - The new R&D head, Guglielmo Bonora, has extensive experience across multiple regions and categories, which aligns with Nestlé's strategic focus on innovation and local market needs [1] - This leadership transition is expected to enhance product competitiveness and help Nestlé regain growth advantages in the competitive Chinese food and beverage market [1] Group 2 - From January to August, China's railway system transported 3.2 billion passengers, marking a historical high with a year-on-year increase of 6.7% [2] - The average daily operation of passenger trains increased by 7.7%, indicating sustained growth in capacity and effective demand management through big data analysis [2] - The rise in cross-border passenger transport and tourism train operations is expected to stimulate consumption and contribute to the development of the tourism and silver economy [2] Group 3 - Subway introduced a new sandwich line that combines traditional Chinese flavors, marking a significant step in its localization strategy [3] - The collaboration with Michelin-starred chefs to create the "Zhi Zi Kao Rou" flavored sandwich reflects Subway's commitment to catering to local tastes and preferences [3] - This product innovation aims to enhance brand competitiveness in the Chinese market by meeting consumer demands for fresh and healthy food options [3] Group 4 - Chao Hong Ji has submitted an IPO application to the Hong Kong Stock Exchange, aiming for a dual listing in A+H shares [4] - The move indicates a proactive strategic approach to expand financing channels for overseas growth, brand upgrades, and capacity building in a competitive jewelry market [4] - The company has shown strong revenue and profit growth in the first half of 2025, alongside notable performance in IP collaborations and product innovation [5] Group 5 - Trip.com announced it will cover losses for customers affected by the postponement of the Disney cruise, demonstrating a commitment to consumer rights [6] - While this may increase short-term costs, it is expected to enhance brand image and customer loyalty in the long run [6] - The crisis management approach aims to strengthen user engagement and attract potential customers, solidifying Trip.com's position in the online travel market [6]