Nestle names Laurent Freixe new CEO as Mark Schneider leaves company

FILE PHOTO: Laurent Freixe of Nestle, smiles during an interview

ZURICH (Reuters) – Nestle on Thursday said it was replacing Chief Executive Mark Schneider with long-serving executive Laurent Freixe.

Schneider has decided to relinquish his roles as CEO and member of the Board of Directors after eight years leading the world’s largest packaged food company.

(Reporting by John Revill; Editing by Kirsten Donovan)