Nestle investors and analysts view the early departure of the Swiss company’s chairman, Paul Bulcke, as a chance for fresh leadership to accelerate growth and address lagging units and weak sales.
The company announced late on Tuesday that Bulcke would hand over the role six months earlier than planned to Pablo Isla, the former Inditex CEO. The move follows the recent dismissal of CEO Laurent Freixe over an undisclosed relationship.
