Tag:

Navratil

Nestle CEO apologises after infant formula recall

Nestle CEO Philipp Navratil has issued a public apology following the recall of certain batches of the company’s infant nutrition products across dozens of countries. The announcement comes after quality concerns were identified at a factory in the Netherlands in December 2025.

14 Jan 2026-11:55
Nestlé faces SFr1.2bn hit from global infant formula recall

Nestlé’s worldwide recall of infant formula products could cost the company up to SFr1.2 billion in lost sales and potentially damage the reputation of its brands, posing a significant challenge for new CEO Philipp Navratil as he seeks to restore investor confidence in the Swiss food giant.

08 Jan 2026-17:08
Nestle confirms L’Oreal stake is financial investment

Nestle CEO Philipp Navratil stated on December 23, 2025, that the company views its stake in L’Oreal as a financial investment.

23 Dec 2025-10:48
Nestle to cut 16,000 jobs as new CEO aims to boost sales

Nestle (NESN.S) announced on Thursday that it will reduce its workforce by 16,000 employees over the next two years as part of efforts to increase sales volumes and improve efficiency, according to new CEO Philipp Navratil.

16 Oct 2025-10:30
Nestle CEO urges company to move quickly and embrace new ideas

Nestle’s newly appointed CEO, Philipp Navratil, called on the Swiss food giant to act swiftly and remain open to innovative ideas in his first public remarks since taking the helm earlier this month.

18 Sep 2025-13:54