Nestlé announces succession for the Chair of the Board

Core Points - Paul Bulcke, Chairman of the Board of Directors of Nestlé, will not stand for re-election at the AGM on April 16, 2026, after nearly 50 years of service [2][3] - Pablo Isla, the current Vice Chairman, is proposed for election as Chairman at the same AGM, ensuring a smooth transition [3][4] - Laurent Freixe became CEO of Nestlé on September 1, 2024, and is positioned to lead the company alongside Isla [5][6] Leadership Transition - Paul Bulcke has served as CEO from 2008 to 2016 and as Chairman since April 2017, contributing significantly to Nestlé's growth [2][3] - Pablo Isla joined Nestlé's Board in 2018 and has been Vice Chairman since 2024, with experience as CEO of Inditex from 2005 to 2022 [4] - The new leadership team, including Freixe and Isla, aims to continue Nestlé's focus on Nutrition, Health, and Wellness [5][6] Statements from Leadership - Paul Bulcke expressed gratitude for his time at Nestlé and confidence in the new leadership team [6] - Pablo Isla emphasized his commitment to Nestlé's strategy and values, looking forward to the new role [6] - Laurent Freixe expressed excitement about leading Nestlé's transformation and performance [6]