Nestlé chairman Paul Bulcke steps down after CEO's scandal over romance with subordinate
Nestlé said Tuesday Chairman Paul Bulcke has decided to step down, days after the Swiss food giant abruptly dismissed its CEO Laurent Freixe for failing to disclose a romantic relationship with a subordinate.Bulcke will be succeeded by Vice Chairman Pablo Isla, effective Oct. 1. Bulcke was earlier supposed to hand over the reins to Isla in April 2026.“This is the right moment for me to step aside and accelerate the planned transition,” Bulcke said.Chairman Paul Bulcke had planned to step down in April 2026. ...