Nestlé’s Paul Bulcke, has resigned his position as chairman.
The move follows reports investors were demanding his exit in the wake of the CEO scandal that rocked the multinational.
Pablo Isla, who was due to assume the role in April 2026, will instead step up on 1 October.
“I have full trust in Nestlé’s new leadership and firmly believe this great company is well positioned for the future,” said Bulcke in a statement. “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.”
The incoming chairman, Pablo Isla, responded, saying, “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 1 October.
Marie-Gabrielle Ineichen-Fleisch has been appointed vice chair of the Board of Directors.
