Nestle(US:NSRGY) 3 6 Ke·2025-09-17 05:12Core Viewpoint - Nestlé's chairman Paul Bulcke has decided to step down earlier than planned, with Pablo Isla set to take over the role on October 1, marking a significant leadership transition for the company [1][3]. Leadership Transition - Paul Bulcke has served as chairman since 2017, and his early departure is seen as a move to facilitate a smoother transition to new leadership [1][3]. - Pablo Isla, the new chairman, has a strong background as the former CEO of Inditex, and his appointment is expected to bring fresh perspectives to Nestlé [11][13]. Recent Management Changes - The company has experienced significant management upheaval, including the recent dismissal of CEO Laurent Freixe due to inappropriate conduct, which has raised concerns about stability within the organization [7][10]. - Dick Boer has been appointed as the lead independent director and vice chairman, alongside Marie-Gabrielle Ineichen-Fleisch, indicating a shift towards a more diverse and independent board structure [7][13]. Performance Challenges - Nestlé has faced declining sales growth and a significant drop in stock price, with a reported decline of over 40% since 2022, leading to increased pressure from investors [7][9]. - Bulcke's support from shareholders has decreased, with only 84.8% backing at the recent annual meeting, down from nearly 96% in 2017, reflecting growing concerns about leadership effectiveness [9]. Strategic Focus - The new leadership team is expected to prioritize organic growth and operational efficiency while addressing the company's complex business structure and performance issues [13][14]. - The recent changes in leadership are viewed as a critical opportunity for Nestlé to revitalize its strategy and improve its market position amid ongoing challenges [14][15].