Nestlé has announced that Pablo Isla will take over as Chairman of the Board on 1 October, following Paul Bulcke’s decision to step down earlier than planned.
Bulcke, who has served as Chairman since 2017, said he has full trust in Nestlé’s new leadership and firmly believe this great company is well positioned for the future.
“This is the right moment for me to step aside and accelerate the planned transition, allowing Pablo and Philipp to advance Nestlé’s strategy and guide the company with a fresh perspective. I wish the entire Nestlé family every success in the future.”
Isla, currently Vice Chairman and Chairman Elect, expressed appreciation for Bulcke’s contribution to the company.
“On behalf of the Board of Directors, I want to express our heartfelt gratitude to Paul for his leadership and unwavering dedication to Nestlé. Paul’s wisdom and commitment have shaped the company and laid the groundwork for our next chapter. In recognition of his longstanding and dedicated service, we have named Paul as Honorary Chairman.”
The Board also confirmed leadership changes effective 1 October. Dick Boer will become Lead Independent Director and Vice Chairman of the Board, while Marie-Gabrielle Ineichen-Fleisch has been appointed Vice Chair.
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