<div><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0PaHe0_0v7dN9xc00" alt="https://img.particlenews.com/image.php?url=0PaHe0_0v7dN9xc00" width="450" height="292" ><nbtemplate data-id="AdPlaceholder" data-content="JTdCJTdE"></nbtemplate> LONDON (Reuters) - Nestle CEO Mark Schneider was ousted in a sudden move by the world's biggest foodmaker as a result of the group's underperformance, three sources familiar with the matter told Reuters on Friday. (Reporting by John Revill and Richa Naidu) </div>

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Nestlé, the world's largest food company, has undergone a sudden leadership change, with CEO Mark Schneider being ousted in a move that has left investors and analysts questioning the company's future direction. Schneider, who had led the company for nearly eight years, was replaced by Laurent Freixe, a Nestlé veteran with nearly four decades of experience within the company. The unexpected transition follows a period of underperformance for the Swiss-based giant, raising concerns about its ability to navigate the challenging landscape of the global consumer goods market.

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Nestle announced Thursday that it it replacing Mark Schneider as its CEO with a long-time executive. This comes as the world’s largest packaged food seller is facing pressure from cash-strapped consumers tired of price hikes. Suggested Reading. Schneider had been with the company for the past eight years and...

Nestle CEO steps down as price hikes turn off consumers

ZURICH/LONDON (Reuters) -Nestle CEO Mark Schneider was ousted in a sudden decision by the world's biggest foodmaker as a result of the group's underperformance, three sources familiar with the matter told Reuters on Friday.

Nestle CEO Schneider was ousted after underperformance, sources say

Nestlé SA shares fell in Swiss trading Friday, a day after the chocolate maker replaced CEO Mark Schneider amid slowing sales and a struggling share price. Schneider, who also is resigning from the board, will be replaced on Sept. 1 by veteran company executive Laurent Freixe, who heads its Latin American operations.

Nestle Stock Slips After Chocolate Maker Replaces CEO

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The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

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Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international cafes faced weaker demand. Shares of the company rose more than 1% in extended trading. Here is what the company reported compared to what Wall Street was expecting, based on a survey of...

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A look at the day ahead in U.S. and global markets from Mike Dolan. Jerome Powell takes centre stage at the Federal Reserve's Jackson Hole jamboree on Friday but the Fed chair would have to sound super hawkish to stop the dollar recording one of its worst weeks of the year.

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Lake Panasoffkee, FL

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LONDON (Reuters) - Nestle CEO Mark Schneider was ousted in a sudden move by the world's biggest foodmaker as a result of the group's underperformance, three sources familiar with the matter told Reuters on Friday.

Nestle CEO Schneider was ousted due to company's underperformance - three sources

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