Nestlé's chairman, Paul Bulcke, is stepping down after nearly ten years on the board amid recent leadership upheaval. His departure follows the ousting of CEO Laurent Freixe over a breach of conduct involving a subordinate. Pablo Isla, vice chairman, will succeed Bulcke as chairman starting October 1. This leadership change comes during a period of corporate restructuring following the dismissal of Freixe, who was appointed in 2024 amidst sluggish sales. The company's leadership transition marks a significant shift.