Nestlé Chairman Paul Bulcke decides to step down; Pablo Isla takes over as Chairman on October 1

Core Points - Nestlé Chairman Paul Bulcke has decided to step down earlier than planned, with Pablo Isla set to take over as Chairman on October 1 [1] - Bulcke expressed confidence in the new leadership and emphasized the importance of a smooth transition to allow Isla and Philipp to advance Nestlé's strategy [2] - In recognition of Bulcke's service, he has been named Honorary Chairman [2] - Dick Boer will assume the role of Lead Independent Director and Vice Chairman of the Board starting October 1, while Marie-Gabrielle Ineichen-Fleisch has been appointed Vice Chair of the Board [2]