Nestlé CEO says turnaround is advancing but performance still falls short
· Agriculture & Food
A year into his tenure, Nestlé CEO Philipp Navratil said innovations and category divestitures have driven improvements in key markets including North America, but he remains "not satisfied" with the company's performance. The remarks frame an ongoing turnaround at the world's largest food company, which has been reshaping its portfolio by shedding businesses and betting on new products. North America was singled out as an area showing progress. The CEO's dissatisfaction suggests further portfolio and operational changes may follow as Nestlé seeks to restore growth.
Why it matters：Nestlé's reset is a bellwether for how large packaged-food groups are balancing divestitures and innovation as growth slows across the sector.
Key points
- Philipp Navratil has been CEO for about a year.
- Innovation and divestitures are credited with improving key markets.
- North America was cited as showing improvement.
Sources (original reporting)
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