MARKET NEWS — Nestle shares fell Friday after the surprise departure of chief executive Mark Schneider, which followed slowing sales growth and bad headlines at the Swiss food group. The company announced after markets closed Thursday that Schneider would step down on September 1 after almost eight years in charge and be replaced by Nestle’s Latin America chief, Laurent Freixe.
Nestle shares fell more than three percent in early deals on the Swiss stock exchange but pared down those losses later in the morning for a 1.5 percent drop... guardian.ng
Share Your Thoughts