Published by Global Banking & Finance Review®
Posted on September 13, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleNestle investors demand Chairman Bulcke's resignation due to governance concerns after two CEO departures, including Laurent Freixe.
(Reuters) - Nestle investors have called for Chairman Paul Bulcke to step down over the departure of a second chief executive in just over a year, the Financial Times reported on Saturday.
Nestle did not immediately respond to a Reuters request for comment.
Shareholders told the newspaper the dismissal of former Chief Executive Laurent Freixe and the way investigations into his conduct were handled had exacerbated their concerns over governance at Nestle and led them to question Bulcke’s decision-making.
The Swiss food giant abruptly dismissed Freixe at the beginning of September for failing to disclose a romantic relationship with a subordinate.
Freixe's removal came a year after predecessor Mark Schneider suddenly departed, and 2-1/2 months after Bulcke - chairman since 2017 - said he would step down next year.
(Reporting by Preetika Parashuraman in Bengaluru; Editing by Tom Hogue)
Corporate governance refers to the systems and processes that direct and control a company. It encompasses the relationships among the company's management, its board, shareholders, and other stakeholders.
A shareholder is an individual or institution that owns shares in a company. Shareholders have a claim on part of the company's assets and earnings, and they may receive dividends.
Explore more articles in the Finance category
