Nestlé CEO Mark Schneider to step down after eight years; Laurent Freixe to take over from September

Nestlé CEO Mark Schneider will step down after eight years, to be succeeded by Laurent Freixe, head of the Latin America division, from September 1. Schneider expressed gratitude for his tenure, while Freixe's extensive in-market experience was praised. Nestlé recently adjusted its 2024 sales growth outlook amidst pricing strategy changes and controversies.