Nestlé CEO steps down, company names predecessor

Global food producer Nestlé has announced CEO Mark Schneider will step down from the company and be replaced by fellow Nestlé executive Laurent Freixe beginning September 1.

According to a report from Just Food , Schneider's departure comes after eight years leading the Switzerland-based company. Schneider’s predecessor, Freixe, reportedly served as the CEO of the company’s Latin American division.

Schneider reportedly directed the company through significant industry shifts during his tenure. The former CEO spearheaded the sale of Nestlé’s U.S. confectionery business in 2018, according to Just Food. Schneider reportedly spurred sales growth for Nestlé by streamlining the company’s focus towards key products including pet food, coffee, and infant nutrition.

Schneider expressed his gratitude to the Nestlé community, saying, “Leading Nestlé for the past eight years has been an honor for me. I am grateful for what we have achieved, having transformed Nestlé into a future-proofed, innovative, and sustainable business.”

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