Nestle reports better-than-expected sales growth with new CEO at the helm
Tweet
Share
E-mail
Nestle logos are pictured in the supermarket of Nestle headquarters in Vevey, Switzerland, February 13, 2020. REUTERS/Pierre Albouy
By Alexander Marrow
(Reuters) -Nestle reported better-than-expected sales growth and volumes on Thursday and maintained its outlook for 2025 as the world's largest packaged food company reported results for the first time since appointing Philipp Navratil as CEO.
Navratil, the former head of Nespresso, replaced Laurent Freixe, who was fired in September as chief executive over an undisclosed relationship with a direct report.
Nestle has endured an unprecedented period of managerial turmoil, with Chairman Paul Bulcke stepping down early to make way for former Inditex chief Pablo Isla just two weeks after Freixe's dismissal.
(Reporting by Alexander MarrowEditing by Dave Graham)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Virgin Australia to trim capacity after profit beat, sees stronger revenue
- Activist investor Carl Icahn gives up JetBlue board seats after sharply cutting stake
- Exclusive-Anthropic planned, then abandoned $7 billion purchase of MatX, sources say
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
