Pressure mounts on Nestlé’s Bulcke as investors seek exit

Anabelle Colaco
14 Sep 2025, 21:01 GMT+10

Pressure on Nestlé’s board intensified as some investors urged Chairman Paul Bulcke to resign after the company ousted a second chief executive in just over a year
Shareholders said that the dismissal of former CEO Laurent Freixe and the way internal investigations were handled deepened concerns about governance and prompted questions over Bulcke’s decision-making
The Swiss food group abruptly removed Freixe at the start of September for failing to disclose a romantic relationship with a subordinate, a breach of company policy

VEVEY, Switzerland: Pressure on Nestlé's board intensified as some investors urged Chairman Paul Bulcke to resign after the company ousted a second chief executive in just over a year, the Financial Times reported.

Shareholders told the newspaper that the dismissal of former CEO Laurent Freixe and the way internal investigations were handled deepened concerns about governance and prompted questions over Bulcke's decision-making. Nestlé did not immediately respond to a request for comment.

The Swiss food group abruptly removed Freixe at the start of September for failing to disclose a romantic relationship with a subordinate, a breach of company policy. His exit followed the sudden departure of his predecessor, Mark Schneider, a year earlier. The latest shake-up also came about 2-1/2 months after Bulcke — chairman since 2017 — said he planned to step down next year.

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