Nestlé S.A. (NEOE:NEST:CA) Barclays 18th Annual Global Consumer Staples Conference 2025 September 3, 2025 9:45 AM EDT
Company Participants
Anna Olive Manz – Executive VP, CFO & Member of Executive Board
Presentation
Unknown Analyst
[indiscernible]
Question-and-Answer Session
Unknown Analyst
So thank you, everybody, for joining the Nestlé fireside chat. The eagle eye amongst you might have noticed a slight typo on the holding side. Parry is changed outside, but just not in here. And good morning, Anna, and thanks for being here. And I think given the sudden change of the CEO, it’s really appreciated that you’ve fronted up on the meetings yesterday and been as transparent as you can be. And you’re now happy to sit down and talk to me and your investors sitting in the audience and those analysts and investors who are listening online or during the playback. So thank you.
So let’s get into this. So I’m going to ask you the elephant in the room question. Can you maybe just outline as best as you can what happened with Laurent? And can you give us some context as far as you’re able?
Anna Olive Manz
Executive VP, CFO & Member of Executive Board
Sure. So back in May, we received a speak up through our internal channels, alleging a romantic relationship with an employee and improper favoritism and that was investigated through an internal investigation overseen by the Board. And no evidence was found at that point. And it was at that point that Laurent also made a personal statement stating that there had been no such thing.
Subsequent to that, we had a number of other speak-ups making slightly different allegations and with slightly different information. And on the back of that, the Board initiated a second broader external investigation, and it was that, that triggered
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