The departure of CEO Laurent Freixe comes only a year after the company abruptly ousted its prior chief for underperformance, Margot Patrick and Joe Wallace of The Wall Street Journal reports. Freixe’s successor, Philipp Navratil, now much face the task of stopping a yearslong share slide and restore stability at a company that has faced a series of scandals and executive departures. At the moment, Navratil appears committed to pursuing the strategy Freixe set out, saying he embraces Nestle’s (NSRGY) current direction.
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