Nestlé Picks Ex-Inditex Boss to Succeed Bulcke as Chairman (2)

Nestlé SA extended its leadership overhaul by proposing longtime Inditex SA executive Pablo Isla as its next chairman to succeed company veteran Paul Bulcke when he retires next year.

The move by the Swiss owner of Nespresso coffee and Purina pet food follows the surprise ouster of CEO Mark Schneider last year. His successor, Laurent Freixe, has been trying to restore sales growth as the Swiss company confronts challenges including rising costs and trade wars.

In contrast to the abrupt change of CEOs, Nestlé signaled an orderly transition from Bulcke to Isla, who’s currently vice chairman of the board. ...