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Nestle investors call for chairman to step down, FT reports
Investors question governance after two CEO dismissals within a year and note chairman Paul Bulcke's re-election support dropped to 84.8%, reflecting concerns over company recovery.
- On Saturday, Nestle investors called for chairman Paul Bulcke to step down after a second chief executive left in just over a year, the Financial Times reported.
- Laurent Freixe's dismissal followed Nestle abruptly removing him for failing to disclose a romantic relationship, coming a year after predecessor Mark Schneider's sudden departure.
- Support for Paul Bulcke, chairman of Nestle, has weakened as he was re-elected with 84.8 per cent of the vote, down from nearly 96 per cent, and shareholders told the FT that Laurent Freixe's dismissal and investigation handling intensified governance concerns.
- Bulcke's position is now uncertain as Alexandre Stucki said he does not expect Paul Bulcke, chairman of Nestle, to move before April and that he should have left when Mark Schneider was forced out.
- A Nestle spokesperson said the two CEO departures were unrelated and Freixe's conduct breached the code of conduct, while investors cited doubts about Nestle's recovery and flagging sales volumes.
18 Articles
18 Articles
Nestlé investors demand early exit of chairman Paul Bulcke amid CEO scandal
Following a CEO scandal and falling share prices, Nestlé investors are urging chairman Paul Bulcke to resign ahead of his scheduled April 2026 departure. Calls are growing for chair-designate Pablo Isla to take over immediately. Nestlé has declined to comment.
Nestle chairman asked to leave
Nestle investors have called for Chairman Paul Bulcke to step down over the departure of a second chief executive in just over a year, the Financial Times reported on Saturday. Shareholders told FT the dismissal of former Chief Executive Laurent Freixe and the way investigations into his conduct were handled had exacerbated their concerns over governance at Nestle and led them to question Bulcke's decision-making. "I don't think Bulcke will move…
Report: Nestle Chairman Ousted Over Decision-Making Concerns
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