After eight years in command, Nestle CEO Mark Schneider resigned from the Swiss food conglomerate. According to the corporation, Mark Schneider "has decided to relinquish his roles as CEO and member of the Board of Directors," and Laurent Freixe, the head of Latin America, will take over. "Leading Nestle for the past eight years has been an honor for me," stated Mark Schneider in a statement. I am appreciative of what we have accomplished in turning Nestle into a forward-thinking, creative, and sustainable company.

Who is Laurent Freixe?

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Laurent Freixe joined Nestle in France in 1986 and "successfully managed" the business's European zone during the 2008 financial crisis and up until 2014. Following this, in 2022, he was appointed CEO of the Americas area, and in that capacity, "he has been successfully leading through challenging conditions" when he assumed leadership of the newly established Latin America zone.

The corporation announced that Laurent Freixe has been proposed as a candidate for the board of directors at its annual general meeting in 2025. "There will always be challenges," he said, but he was certain that Nestle could "lead and win everywhere we operate."

Nestle stated that Schneider "has actively shaped the company's portfolio, in line with Nestle's strategy and with a focus on high-growth categories like coffee, pet care and nutritional health products" .

Laurent Freixe is "a talented leader with strategic acumen, extensive in-market experience and expertise as well as a deep understanding of markets and consumers," according to Nestle chairman Paul Bulcke. Right now, Laurent is the ideal match for Nestle.