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

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

7 Articles

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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.

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

·Brazil
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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.

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Bias Distribution

  • 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
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Neue Zürcher Zeitung broke the news in Zürich, Switzerland on Wednesday, May 21, 2025.
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