Nestlé chairman Paul Bulcke to step down early

Nestlé Paul Polky’s chairman is earlier than he was planned in the wake of the Executive CEO of Laurent Frexi, a little more than two weeks ago.

The largest food company in the world in June announced that Polky will give up the role of the Board of Directors in April next year. Bolki worked in Nestle for nearly five decades, including nine years as a president and about nine years as CEO.

This announcement was released before the veteran Nestle refused early in September due to an “unannounced” relationship with an employee.

Philip Navratil, CEO of Nestlé’s Coffee Business Nespresso, was named as Freixe.

In a statement released late yesterday (September 16), the Kit Kat maker said that Bulcke will now step as president. Pablo Isla, the independent leading director of Nestle, will take over from October 1. ISLA has been already lined up for Bulcke’s replacement next April.

Polky said: “This is the right moment for me to step down and accelerate the planned transition, allowing Pablo and Philip to progress in the strategy of Nestlé and direct the company with a new perspective.”

“I have a complete confidence in leading the new Nestle and I believe a firm belief that this great company is in a good position for the future.”

Earlier this week, a report appeared in the Financial times The investors were pressuring for the rapid departure of PVC due to concerns about corporate governance and the loss of the second CEO since Mark Schneider’s sudden departure in August last year.

Quoting a period of instability and non -performance under the leadership of Polky, the shareholders criticized his dealings with the investigation of Freixe’s behavior, who believed his in -depth fears about the company’s decision -making operations, according to what he said. foot.

It is a matter of decency and respect for that [Bulcke] One of Nestle’s shareholders said:

In yesterday’s statement, Isla said: “On behalf of the Board of Directors, I want to express our heartfelt gratitude for Paul for his constant leadership and dedication in Nestli. Paul’s wisdom and commitment formed the company and set the basis for our next semester.

“In appreciation of his long and dedicated service, we named Paul as an honorary president.”

Polky was the CEO for about nine years until 2016, when he was succeeded by Schneider. He became president in April 2017.

In the same statement yesterday, Nestle said that Dick Boir will become the main independent director and vice -chairman, as of October 1.

The company said that Marie Gabriel Innitation Flesh would operate the vice president’s seat.

The Chairman of the Board of Directors of Nestlé Paul Bulcke was originally created to step down by Just Food, a brand owned by Globaldata.

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