Key facts: Nestle's leadership change; Barry Callebaut mulls cocoa division split
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Nestle underwent a leadership change with the departure of executive Laurent Freixe in September 2025, which followed an investigation into an undisclosed romantic relationship with an employee.1Barry Callebaut is considering separating its cocoa division to reduce exposure to volatile cocoa prices, which may impact its contract manufacturing business for brands like Nestle's KitKat.2
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