Nestle CEO Schneider was ousted, paving way for veteran Freixe, sources say
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Nestle has replaced CEO Mark Schneider with Laurent Freixe due to the company's underperformance, as reported by sources. Schneider's ousting came after a board meeting and marks the end of his nearly eight-year tenure. The decision was sudden and not planned, indicating it was not Schneider's choice, according to analysts. Nestle's Chairman confirmed the change was a mutual agreement, but further details were not provided.
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