Nestle shares were indicated nearly 1% higher after the company announced Chairman Paul Bulcke is departing immediately, ahead of schedule. He will be replaced by former Zara boss Pablo Isla.
This sudden change comes just two weeks after the firing of CEO Laurent Freixe, accelerating a major leadership shake-up at the struggling food giant.
Compare Top Forex brokers and start trading and investing with a trusted partner
Nestle has faced significant turmoil, with its shares down 18% over the past year due to sluggish growth and management missteps. Analysts see the move as a critical chance for new leaders to stabilize the company and address its performance issues.
Subscribe for our newsletter
Get Forex brokers reviews, market insights, expert analytics and education material right into your inbox for free!