New Nestlé boss plots strategic overhaul to reignite growth

Nestlé’s new chief executive is planning a strategic overhaul that will refocus the sprawling multinational around four product categories, as it faces pressure to boost growth after a period of turmoil. Philipp Navratil, appointed after the firing of former boss Laurent Freixe, is preparing to organise the KitKat and Nespresso maker around new “pillars” — coffee; petcare; nutrition and health; and food and snacking — people familiar with the matter told the Financial Times. The move is the latest significant step by Navratil since taking over in September from Freixe, who was removed over an undisclosed romantic relationship with a direct report. The new boss, who is under pressure to slim down the company and revive sales growth after a slump from post-Covid highs, has already launched a restructuring programme that will slash 16,000 jobs over the next 18 months. + Read about a management meltdown at Nestlé The four new product groupings, or “pillars”, could lay the groundwork ... Full story here Are you the author? Previous post See more for 3.) Swissinfo Business and Economy Next post
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