Nestle's new CEO unveils 2016 results - and sets out stall
The numbers from the world's largest food maker included its slowest growth for 20 years, while new boss Mark Schneider ended the company's long-standing sales target and set out plans to step up restructuring.
Announcing's Nestle 2016 results today (16 February) newly-installed CEO Mark Schneider revealed growth at the Swiss food giant came in below expectations. All eyes are now on Nestle's direction under Schneider, who joined the business at the start of this year. Will there be a greater focus on margin enhancement? Has Schneider totally abandoned the 'Nestle model' targeting 5-6% organic growth each year? Could large-scale acquisitions or disposals be on the cards? Katy Askew investigates.
Nestle has indicated it expects a jump in restructuring charges during 2017 as it booked net earnings that failed to meet analyst expectations this morning (16 February).
Nestle lowered its full-year sales forecast in an environment "marked by deflation" and soft pricing today (20 October) after reporting nine-month sales that missed analyst expectations.
Nestle, set to welcome a new CEO on 1 January, has announced more changes to the make-up of its senior management team.
Nestle booked a stronger trading operating profit this morning (18 August) but its bottom line was hit by one-off charges and net profit fell in the first six months of the year.
Nestle appointed Ulf Mark Schneider, currently CEO of healthcare company Fresenius, as its chief executive officer last month. just-food takes a look at what could be on the executive's 'to do' list as he takes the helm at the world's largest food maker.
Nestle has this afternoon (27 June) announced Ulf Mark Schneider, the chief executive of Germany-based healthcare company Fresenius, as the new CEO of the world's largest food maker.
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