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Nestlé Chairman Paul Bulcke to step down; Pablo Isla takes over as Chairman
Dick Boer has been appointed lead independent director and vice chairman of the board of directors beginning October 1. In addition, Marie-Gabrielle Ineichen-Fleisch has been appointed vice chair of the board of directors.
Paul Bulcke, who led Nestle as chairman, has decided to step down. The Board of Directors of Nestlé S.A. have announced that Pablo Isla, who is currently the vice chairman, will become Chairman effective October 1.
Bulcke stated, "I have full trust in Nestlé's new leadership and firmly believe this great company is well positioned for the future. This is the right moment for me to step aside and accelerate the planned transition, allowing Pablo and Philipp to advance Nestlé's strategy and guide the company with a fresh perspective. I wish the entire Nestlé family every success in the future."
Isla commented, "On behalf of the Board of Directors, I want to express our heartfelt gratitude to Paul for his leadership and unwavering dedication to Nestlé. Paul's wisdom and commitment have shaped the company and laid the groundwork for our next chapter. In recognition of his longstanding and dedicated service, we have named Paul as Honorary Chairman."
Dick Boer has been appointed lead independent director and vice chairman of the board of directors beginning October 1. In addition, Marie-Gabrielle Ineichen-Fleisch has been appointed vice chair of the board of directors.
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