Consumer

Nestlé Chairman Bulcke to Step Down Early After CEO’s Ouster

WATCH: Nestlé Chairman Paul Bulcke will step down early after investors questioned his handling of the ouster of the food company’s former chief executive officer. Deirdre Hipwell reports.Source: Bloomberg

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By Stuart Biggs, Allegra Catelli, and Lisa Pham

September 16, 2025 at 4:34 PM UTC

Updated on

September 17, 2025 at 7:15 AM UTC

Nestlé SA Chairman Paul Bulcke will step down early after investors questioned his handling of the ouster of the food company’s former chief executive officer due to an undisclosed romantic relationship with a subordinate.

Pablo Isla, who had been due to succeed Bulcke next year, will take over on Oct. 1, the Swiss foodmaker said. Nestlé previously said that both Bulcke and Isla oversaw the probe that led to CEO Laurent Freixe’s firing.