Mark Schneider

What went wrong for Nestle CEO Mark Schneider

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What went wrong for Nestle CEO Mark Schneider

Mark Schneider, Nestle’s recently ousted CEO, steered the world’s biggest food maker through the COVID-19 pandemic, grew margins despite a subsequent supply chain crunch, and pulled off a historic reorganisation. So when did he lose the board’s faith? While Nestle declined to comment on the nature of his departure when announcing it on Thursday, and … Read more

Nestle CEO replacement not such a bad thing’ for investors, analyst says

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Nestle CEO replacement not such a bad thing’ for investors, analyst says

Swiss food giant Nestle’s headquarters in Vevey, Switzerland. Fabrice Coffrini | Afp | Getty Images LONDON — Investors may think that the replacement of Nestle CEO Mark Schneider with company veteran Laurent Freixe is “not such a bad thing,” analyst Jon Cox said Friday. Cox, who is head of consumer equities at Kepler Cheuvreux, told … Read more