Annual Nestlé meeting confirms CEO Laurent Freixe as new board member
Laurent Freixe, CEO of Nestle, has been appointed to its board of directors. Pic: Nestle
Laurent Freixe, Nestlé CEO has been elected to Nestlé S.A.’s Board of Directors, as part of key announcements at the Nestlé’s Group AGM, which saw its158th Annual gathering, staged at the SwissTech Convention Centre in Lausanne.
As the company, which retains strong confectionery interests in markets around the world, confirmed, shareholders approved all of the company’s proposals, with a total 986 attending the event held last week, representing 58.5 percent of the capital and 80.3 percent of the shares entitled to vote.
Notably, the chairman and all other members of the Board of Directors were re-elected for a term of office until the end of the next Annual General Meeting. Shareholders also elected the members of the Compensation Committee for a one-year term.
Pablo Isla will continue in his role of Lead Independent Director and Vice Chairman, and he will chair the Board’s Nomination Committee. Dick Boer will continue to chair the Compensation Committee. Hanne de Mora and Renato Fassbind will continue to chair the Sustainability Committee and the Audit Committee, respectively.
The annual review and the financial statements were approved, as were the proposed dividend of CHF 3.05 per share and the capital reduction. The dividend represented an increase of 5 centimes over the previous year and was the 29th increase in a row.
Shareholders also voted on and approved Nestlé’s Non-Financial Statement for 2024. They also approved the Compensation Report 2024 as well as the total compensation budgets for Nestlé’s Board of Directors and Executive Board. Ernst & Young Ltd was re-elected as statutory auditors for the financial year 2025.
For the year ahead, the Board and its different committees will be composed as follows:
Board of Directors
Paul Bulcke, Laurent Freixe, Pablo Isla, Renato Fassbind, Hanne Jimenez de Mora, Dick Boer, Patrick Aebischer, Dinesh Paliwal, Lindiwe Majele Sibanda, Chris Leong, Luca Maestri, Rainer Blair, Marie-Gabrielle Ineichen-Fleisch as well as Geraldine Matchett.
Chair’s and Corporate Governance Committee
Paul Bulcke, Laurent Freixe, Pablo Isla, Renato Fassbind, Hanne Jimenez de Mora, Dick Boer
Compensation Committee
Dick Boer, Pablo Isla, Patrick Aebischer, Dinesh Paliwal
Nomination Committee
Pablo Isla, Paul Bulcke, Dinesh Paliwal, Marie-Gabrielle Ineichen-Fleisch
Sustainability Committee
Hanne Jimenez de Mora, Dick Boer, Lindiwe Majele Sibanda, Chris Leong
Audit Committee
Renato Fassbind, Luca Maestri, Rainer Blair, Geraldine Matche
