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Nestlé S.A. faces significant challenges as its share price has halved since 2021, returning to levels seen a decade ago. New CEO Laurent Freixe has warned of lower growth projections and increased marketing budgets, which may further erode margins. The company is also considering spinning off its bottled water division, reflecting a strategic shift from previous leadership that prioritized unsustainable margin requirements.
Nestle SA's stock has plummeted 25% this year, prompting J. Stern & Co. to increase its holdings, deeming the shares "far too cheap." Following the ousting of its CEO and reduced sales guidance, analysts are cautiously optimistic about a turnaround under new CEO Laurent Freixe, with expectations of a 20% stock rise in the next year. Despite the challenges, market sentiment suggests the selloff may have been excessive, particularly given Nestle's strong product portfolio in coffee, pet care, and nutrition.
2024 has been a tumultuous year for the food and drink sector, marked by significant changes such as Nestlé's leadership transition and Unilever's decision to separate its ice cream business. The European Deforestation Regulation faced delays amid industry panic, while ultra-processed foods drew increased scrutiny. Meanwhile, the rise of GLP-1 drugs promises to reshape consumer eating habits, and the plant-based market shows signs of recovery after a downturn.
Mark Schneider, the former CEO of Nestlé, has been nominated to become Chairman of the Siemens Supervisory Board until 2027, with a proposal to shareholders set for February 13. Current Chairman Jim Hagemann Snabe will also be up for reappointment for a two-year term. Siemens plans to propose an increase in the annual dividend from 4.7 to 5.2 euros per share, which contributed to a 1.7% rise in Siemens shares on the Frankfurt Stock Exchange.
Siemens has proposed Mark Schneider, the former CEO of Nestle, as the potential successor to Jim Hagemann Snabe as chairman of its supervisory board by 2027. Snabe, who plans to manage his succession effectively, expressed confidence in Schneider as an excellent candidate. The annual general meeting for the supervisory board election is scheduled for February 13, 2025, alongside a proposed dividend increase to 5.20 euros from 4.70 euros.
Siemens has proposed Mark Schneider, the former CEO of Nestle and Fresenius SE, as the potential successor to Jim Hagemann Snabe as chairman of its supervisory board by 2027. Snabe, who plans to manage his succession effectively, aims for a transition within two years if re-elected in February 2025. Additionally, Siemens announced a proposed dividend increase to 5.20 euros from 4.70 euros the previous year.
Siemens has nominated former Nestle CEO Mark Schneider to head its supervisory board starting in 2027. Current chairman Jim Snabe plans to manage a transition before his term ends in February 2025, emphasizing Schneider as an excellent candidate. Additionally, Siemens proposed a dividend increase to 5.20 euros from 4.70 euros.
Siemens has proposed Mark Schneider, the former CEO of Nestle and Fresenius SE, to succeed Jim Hagemann Snabe as chairman of its supervisory board by 2027. Snabe plans to manage a transition within the next two years if re-elected in February 2025. Siemens will hold its annual general meeting on February 13, 2025, where Schneider's election will be voted on, alongside a proposed dividend increase to 5.20 euros.
Siemens AG has nominated former Nestlé CEO Mark Schneider for election to its Supervisory Board at the 2025 AGM. Schneider is expected to succeed Jim Hagemann Snabe as Chairman by 2027, as Snabe plans a transition within the next two years.
Mark L. Schneider
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