Mark Schneider news, comment and analysis
Mark Schneider was CEO of Nestlé from 2017 to 2024.
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NewsNestlé chairman Paul Bulcke steps down early following Laurent Freixe scandal
Bulcke was due to step down as chairman at the company AGM in April next year to be replaced by current vice chairman Pablo Isla but will now leave the role early following shareholder concern over governance at Nestlé
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NewsNestlé shares under pressure as CEO Laurent Freixe sacked
Shares in Nestlé were under pressure once again this week as the Kit Kat and Nescafe supplier sacked its CEO Laurent Freixe following an investigation into his affair with a direct subordinate
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NewsNestlé fires CEO Laurent Freixe over romantic relationship with employee
The Swiss food giant named Nespresso boss Philipp Navratil as his replacement
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NewsMedia Bites 8 July: Amazon Prime Day, Walmart, Nestlé board troubles
Amazon Prime Day has arrived once again.
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Analysis & FeaturesWhy has Unilever ditched well-liked CEO Hein Schumacher?
Analysts described Schumacher’s successor Fernando Fernandez – an appointment from inside Unilever – as ‘fiery and charismatic’
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NewsNestlé shares jump on signs of turnaround progress
Shares soared by more than 6.2% today as a result of the green shoots of optimism that the worst may be over
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Analysis & FeaturesStock market review of 2024: who were the major risers and fallers in the City?
M&S and Greencore were among the City’s major winners for 2024, while Ocado and B&M had a tough year
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Analysis & FeaturesOatly, Asda and RSPCA hypocrisy: The Grocer’s unofficial review of 2024
The Grocer takes a look back over what hit the headlines this year – the highs, the lows and the downright ridiculous, in our 100% unofficial review of 2024
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NewsNestlé turnaround plan gets muted market reaction
Nestle’s share price has sat in the doldrums of late and is down 23% since the start of the year
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NewsCity snapshot: Nestlé to spin off bottled water and cut costs by another £2.2bn as part of new action plan
Nestlé will spin-off its bottled water business as part of new plans for turning around the ailing food giant revealed ahead of today’s Capital Markets Day for investors and analysts. Plus, full-year results from Imperial Brands
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Analysis & FeaturesHow can new Nestlé chief Laurent Freixe get the company back on track?
Freixe has announced sweeping operational changes, and is planning to set more ‘realistic’ targets as consumers around the world turn towards value-driven alternatives to brands
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NewsCity snapshot: Nestlé downgrades growth forecasts on weak shopper demand
Nestlé has lowered its growth expectations for the year after a disappointing third quarter as the world’s biggest food company struggled with soft consumer demand. Plus, Tate & Lyle shares boom on takeover speculation, and Deliveroo and Pernod Ricard report quarterly results
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NewsMedia Bites 27 August: Nestle, Unilever, M&S, Morrisons
There’s plenty of fmcg news to wade through from the long bank holiday weekend, with Nestle and Unilever in focus
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NewsNestlé appoints new CEO in surprise departure for Mark Schneider
Schneider has stepped down as head of the world’s biggest food company in a surprise move, to be replaced by group veteran Laurent Freixe
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NewsCity snapshot: Consumer confidence in the economy falls for first time in six months
Confidence in the UK economy has dipped even as consumers feel better about their personal finances, according to a closely watched survey. Plus, Nestlé CEO Mark Schneider steps down in surprise move
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NewsMedia Bites 23 August: Nestlé, Gail’s, Brown-Forman
Nestlé announced that chief executive Mark Schneider was stepping down, and will be succeeded by company veteran Laurent Freixe
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NewsCity News: Unilever shares soar as turnaround picks up pace
Investors ignored missed sales forecast at Unilever in favour of big beats to margin improvement targets to send shares at the Hellmann’s and Magnum supplier soaring to the top of the FTSE 100 on Thursday
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NewsCity snapshot: Unilever misses Q2 sales targets but makes profitability progress
Unilever has missed growth expectations in its second quarter as prices softened and CEO Hein Schumacher continued with a turnaround plan. Plus, half-year results from Nestlé and British American Tobacco, a full-year trading update from Virgin Wines and a Q1 update from Tate & Lyle
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NewsCity snapshot: Sainsbury’s forecasts profits of £1bn in 2024 on strong grocery growth
Sainsbury’s has posted an uplift in underlying annual profits and forecast another rise in profits in the current financial year. Plus updates from Unilever, Nestlé, CCEP, WH Smith and more
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Comment & OpinionShareAction’s challenge to Nestlé highlights problem with health targets
Assessing the healthiness of portfolios is inherently subjective, and the devil is in the detail, says Warren Ackerman, head of European consumer staples research at Barclays