Nestle has confirmed it will retain its Health Science unit, according to Chairman Paul Bulcke, following the recent announcement of CEO Mark Schneider’s departure. Bulcke emphasized the unit’s value, describing it as “promising with benefits for society,” in an interview with NZZ am Sonntag published on Sunday.
The decision comes amid speculation that Nestle might divest its Health Science division, with some analysts predicting a possible sale in the medium term. Despite these market rumors, Bulcke firmly stated that the sector remains a key part of the company’s strategy.
The announcement of Schneider’s exit after nearly eight years at the helm has not been linked to Nestle’s recent stock performance, which has seen a decline since May 2023 due to a series of operational setbacks and revenue forecast downgrades. Bulcke reassured that Schneider’s departure was not influenced by the company’s share price.
As Nestle prepares for the leadership transition, with Laurent Freixe set to take over as CEO, the future of its Health Science unit appears secure, contrary to some investors’ expectations.
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