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Tag: Nestle

Business

Swiss giant Nestlé fires CEO amid office romance

Swiss food conglomerate Nestlé on Monday announced the immediate dismissal of CEO Laurent Freixe due to an “undisclosed romantic relationship with a direct subordinate.” The company, known for brands such as Nespresso and KitKat, said the decision followed an internal investigation. Philipp Navratil, CEO of Nespresso, was promptly appointed by the board to succeed Freixe. […]

Nestle Nigeria reports N104bn loss in 2023
Economy featured

Nestle Nigeria reports N104bn loss in 2023

By Melvin Onwubuke Nestle Nigeria Plc has announced a loss before tax of N104 billion for the year 2023. This was disclosed in the 2023 Financial Statement of the company, published on the NGX on Wednesday 28, 2024. According to the financial statement, it reported foreign exchange loss of N195 billion, which accounted for basically, […]

Nestle, others cost equity market 51bn loss
Economy

Nestle, others cost equity market 51bn loss

The loss experienced by Nestle Plc, Eterna, and Fidson Healthcare Plc caused the Nigerian Exchange to lose N51 billion in the new week, extending its gloomy trend. According to The Punch, Nestle Plc, Eterna, and Fidson Healthcare Plc had closing prices of N990, N15.80, and N15.15, respectively, after declining by 10%, 9.97%, and 9.82%, respectively. […]

Nestle Nigeria reports N123.7 bn FX loss
Appointments

Nestlé Nigeria changes board of directors

Nestlé Nigeria Plc has announced some changes to its board of directors. According to the company announcement, Namit Mishra has been named finance and control director of Nestlé Nigeria Plc, starting August 1. Sarmad Saleem will be replaced by Mr. Mishra on July 31 as Sarmad Saleem leaves the position. For Nestlé Punna Petcare – Zone AOA, Mr. Saleem […]

A picture of 20 youth trained by nestle
Business

Nestlé reaffirms commitment to youths’ technical training

Nestlé Nigeria has reaffirmed its commitment to reducing the lack of technical skills by providing young individuals with the necessary abilities to help speed up industrial development and advance Nigeria’s economy. According to The Punch, the Managing Director and Chief Executive Officer of Nestlé Nigeria, Wassim Elhusseini, made this statement during the third graduation ceremony […]

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