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Women Rise in Corporate Finance but CEOs Remain Scarce in Switzerland
The representation of women in top corporate finance roles in Switzerland is on the rise, with female CFOs now making up 13% of the positions among listed companies, doubling from the previous year. This figure is approaching the overall female management average of 17%. However, women CEOs remain scarce, with only eight currently in Switzerland, including notable figures like Magdalena Martullo-Blocher and Suzanne Thoma.
nestlé lowers growth targets as new ceo implements executive board restructuring
Nestlé's new CEO, Laurent Freixe, has lowered the company's growth expectations for 2024 to around 2.0% due to weakened consumer demand and inventory reductions by retailers. The company reported total sales of 67.1 billion Swiss francs in the first nine months, with a restructuring of the Executive Board underway to adapt to the challenging market environment. Key product categories like coffee and pet food showed growth, while dairy and culinary segments faced declines.
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