Nestle reports better-than-expected sales growth with new CEO at the helm
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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)
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