The board of directors at Nestlé have revealed that Pablo Isla has been appointed chair, and will assume his position on 1st October.

The news comes following Paul Bulcke’s decision to step down from the board earlier than planned.

Isla joined Nestlé’s board of directors in 2018, and has served as vice chair and lead independent director since 2024. He is a member of the company’s Nomination, Compensation as well as its Chairman’s and Corporate Governance Committees.

Paul Bulcke, chair of Nestlé, stated: “I have full trust in Nestlé’s new leadership and firmly believe this great company is well positioned for the future.

“This is the right moment for me to step aside and accelerate the planned transition, allowing Pablo and Philipp to advance Nestlé’s strategy and guide the company with a fresh perspective. I wish the entire Nestlé family every success in the future.”

Pablo Isla, vice chairman and chairman elect, commented: “On behalf of the board of directors, I want to express our heartfelt gratitude to Paul for his leadership and unwavering dedication to Nestlé.

“Paul’s wisdom and commitment have shaped the company and laid the groundwork for our next chapter. In recognition of his longstanding and dedicated service, we have named Paul as honorary chairman.”