Nestlé names LatAm boss Freixe new CEO as Schneider steps down.

Nestlé, the world's largest food and beverage group, has announced that its current CEO, Mark Schneider, will be stepping down after eight years with the company. Schneider will be succeeded by Laurent Freixe, the current CEO of Nestlé's Latin America business. The reasons for Schneider's departure were not disclosed. During Schneider's tenure, Nestlé underwent portfolio reshaping through asset disposals, focusing on categories such as pet food, coffee, and infant nutrition. Nestlé's share price has also increased since Schneider took over as CEO. [Extracted from the article]