Nestle CEO Schneider steps down after eight years at helm

"Leading Nestle for the past 8 years has been an honour for me. I am grateful for what we have achieved, having transformed Nestle into a future-proofed, innovative and sustainable business," Schneider said in the statement.

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Mark Schneider (pictured) leaves Swiss food group Nestle and will be replaced by Latin America boss Laurent Freixe. (AFP)