Nestle faces leadership change. Laurent Freixe is out as CEO due to a relationship with a subordinate. Philipp Navratil replaces him. This follows Mark Schneider’s earlier departure. Investors are worried about Nestle’s direction. Share prices have fallen. A review of the vitamins business is underway. Analysts express concern over the lack of a thorough CEO search.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets