Nestlé Boss Says His Predecessor ‘Weakened the Fabric’ of the Company

Nestlé boss says his predecessor ‘weakened the fabric’ of the company

Laurent Freixe criticises diversification efforts under previous CEO Mark Schneider as he takes Nestlé back to basics

The world's largest food company has had turbulent months. But Nestlé does not need a revolution, says the new CEO Laurent Freixe. How he defends the business of sweets, frozen pizzas and mineral water.

Nestlé Boss Says His Predecessor ‘Weakened The Fabric’ Of The Company

Nestlé Chief Executive Laurent Freixe said his predecessor’s forays into new product categories that included health supplements “weakened the fabric of the organisation”, as he ruled out turning to major acquisitions or asset sales to boost growth. Freixe, a company (more…) The post Nestlé Boss Says His Predecessor ‘Weakened The Fabric’ Of The Company appeared first on KamCity.

For Laurent Freixe, who replaced Mark Schneider in August, diversification led to the neglect of the main business lines of Nestlé

Has Marc Schneider neglected the core business as Nestlé CEO? At least the current boss Laurent Freixe utters this criticism.

Freixe said Nestle is recovering market share in the U.S. despite concerns stemming from the Trump administration's imposition of tariffs on key trading partners last month.