Nestle Stock Slips After Chocolate Maker Replaces CEO

KEY TAKEAWAYS Nestlé SA shares fell in Swiss trading Friday, a day after the chocolate maker replaced CEO Mark Schneider amid slowing sales and a struggling share price. Schneider, who also is resigning from the board, will be replaced on Sept. 1 by veteran company executive Laurent Freixe, who heads its Latin American operations. During his eight years with Nestle, Schneider focused the Swiss firm "on high-growth categories like coffee, pet care and nutritional health products," the company said. Nestlé SA ...