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Nestle CEO’s Surprise Exit Spurs Doubts Over Profitability Goal
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August 23, 2024
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3:20Now PlayingNestle CEO Mark Schneider is the latest consumer-goods boss to be shown the door as companies struggle to coax shoppers back to premium brands after a period of high inflation and belt-tightening. After eight years as CEO of the Swiss maker of Nespresso coffee and Purina pet foods, Schneider will be replaced by Latin America chief Laurent Freixe, Nestle said late Thursday. Bloomberg's Dasha Afanasieva reports.
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