Group 1 - Nestlé China announced the appointment of Philipp Navratil as the new CEO, effective immediately, replacing Laurent Freixe who was dismissed due to a violation of the company's code of conduct related to an undisclosed romantic relationship with a subordinate [1][3] - Chairman Paul Bulcke stated that the decision was necessary to uphold Nestlé's values and governance, expressing gratitude for Freixe's contributions over the years [3] - Philipp Navratil has been with Nestlé since 2001, holding various leadership roles, including overseeing the coffee and beverage business in Mexico and leading the Nespresso division [3] Group 2 - In the first half of 2025, Nestlé reported sales of CHF 44.228 billion (approximately RMB 398.839 billion), a year-on-year decline of 1.8%, and a net profit of CHF 5.065 billion (approximately RMB 45.675 billion), down 10.3% [3][4] - The company's organic growth rate was 2.9%, with a pricing contribution of 2.7%, while the actual internal growth rate was 0.2% [4] - Nestlé's free cash flow decreased by 42.09% to CHF 2.307 billion compared to the previous year [4] Group 3 - Nestlé has been operating in China for nearly 40 years, with 23 factories, 5 product innovation centers, and 3 research and development centers, employing over 21,000 people [5]

Group 1 - Nestlé Group has appointed Philipp Navratil as the new CEO, effective immediately, following the dismissal of Laurent Freixe due to a violation of the company's code of conduct [1][3] - Laurent Freixe had shifted Nestlé's strategy towards a focus on "fewer, bigger, better" initiatives after taking over as CEO in September 2024 [3] - Under Freixe's leadership, Nestlé announced the acquisition of the remaining 40% stake in the Chinese candy brand Xu Fu Ji, marking a significant move in the company's strategy in China [3] Group 2 - Nestlé's revenue for the first half of 2025 reached 44.2 billion Swiss francs, reflecting a year-on-year growth of 2.9% [3] - The chairman of Nestlé's board, Paul Bulcke, stated that the company's strategic direction will remain unchanged despite the leadership transition [3]