Nestlé Leadership Shift Amid Workforce Reduction

Nestlé SA cuts 16,000 jobs globally over two years.
Philipp Navratil becomes CEO after Laurent Freixe is ousted.
12,000 white-collar and 4,000 manufacturing roles cut, 6% of 277,000 employees.
3 billion Swiss francs cost-savings target by 2027.
Strong third-quarter sales and 1.5% real internal growth reported.
Navratil emphasizes performance-driven culture and adaptability.

Leadership | Efficiency | Profitability

Switzerland

Laurent Freixe | Paul Bulcke | Pablo Isla | Philipp Navratil

3 weeks ago