This audio is automatically created. Please let me know if there is feedback.
Diving Briefs:
- Two days later Nestlé was suddenly anxious. CEO Laurent Freixe Citation for violations of the Code of Code of Conduct Romantic relationship with direct subordinatesCFO Anna Manz details the event timeline of about three months before the launch on Wednesday.
- Headquartered in Switzerland in May, Food Giant was accused of an internal channel on the relationship between the CEO and the employee, but according to the Barclays Global Consumer Staples Conference, the internal investigation supervised by the board of directors found the evidence according to the conversation of Manz in the Fireside Chat. I couldn’t. There was no evidence of the charges, and the CEO made a personal statement that “there is no such thing.”
- Manz said, “After that, we had a variety of different speeches that had slightly different suspicions.” After that, the board of directors began a second extensive external investigation, causing information that caused information that the board of directors should act to change the CEO. ”
Dive Insights:
nestle It is the latest company that has a sudden C-SUITE reorganization that comes from the relationship with the employees of the C-SUITE executives. D in JulyCNN said the CEO of ATA TECH Company ASTRONOR resigned after accepting employees at the Cold Play Concert. LAST YEAR OIL GIANT BP’s CFO entered the role of a temporary CEO on behalf of Bernard Looney.
~ nestleAccording to the Wall Street Journal, anonymous tips came out through an internal hotline called “Speak Up”. Nestle According to business behavioral norms, personal relationships between employees should be disclosed.
Diana Radu, MorningStar Equity analyst, was written in the September 1 report. nestle.
RADU said, “Leadership transition is done in a difficult time for Nestlé, which is marked by the low growth of volume and the achievement of market share. There was almost no progress.
After one year, after dismissal of free “immediately effective” Lean Cuisine and Hot Pockets manufacturers have appointed PHILIPP Navratil, head of the Nespresso Coffee brand, to occupy the CEO.
When asked why the change happened too quickly during the speech, Manz was at the age of 63, and the board of directors already focused on the succession plan, made a lot of effort into this issue, and saw Navratil as the best candidate for its position. “The work has been done in many ways and can move quickly to name Philipp, so you can maintain real momentum in your business.”
NAVRATIL has been working in NESTLé for 24 years, especially in coffee categories and Latin America, according to the MorningStar report, which has shown support for the current strategy of the company. However, the company is under pressure from a personal label brand and “conquered” consumer sentiment, but the report is “Nestlé is advantageous after solving the root cause of low performance through attractive categories such as PetCare, Coffee and Health Science. He said he could capture consumer trends.
