Leadership Crisis Deepens at Swiss Food Giant Nestlé

Nestlé is confronting one of the most severe leadership crises in its corporate history, with major investors now demanding the resignation of Chairman Paul Bulcke. This development follows the dismissal of a second Chief Executive Officer within a 15-month span, sending the company’s shares into a volatile spiral as shareholders question the stability of the venerable Swiss conglomerate.

The situation escalated dramatically in early September when CEO Laurent Freixe was forced to leave his position. His departure resulted from a violation of the company’s code of conduct involving an undisclosed relationship with a subordinate. This marks the second chief executive ouster in just over a year?an extraordinary event for a corporation traditionally known for its stable governance.

Chairman... Read more...