Nestlé’s new CEO is moving fast to drive its recovery

Philipp Navratil Chief Executive Officer Nestlé S (4)

Source: Nestlé

New CEO Philipp Navratil said at the Q3 results that ‘the world is changing and Nestlé needs to change faster’, says Warren Ackerman, head of European consumer staples research at Barclays

The fmcg CEO merry-go-round continues, with Nestlé the latest company where change is afoot. The company has a new CEO, Philipp Navratil, the third CEO in 15 months, and a new chairman, Pablo Isla, who replaces 50-year Nestlé veteran Paul Bulcke. Navratil said at the Q3 results that “the world is changing and Nestlé needs to change faster”.

Already have an account? Sign in here

Want access to this article?

Register for LIMITED access

REGISTER FOR FREE

Get PREMIUM access for £1 a week

SUBSCRIBE NOW