Nestle Picks LSEG Executive As Its New CFO
Portfolio Pulse from Lekha Gupta
Nestle SA announced the departure of CFO François-Xavier Roger and named Anna Manz, currently CFO at London Stock Exchange Group PLC, as his replacement. Nestle reported Q1 2023 sales growth of 5.6% Y/Y to CHF23.5 billion.
May 30, 2023 | 9:14 am
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NEUTRAL IMPACT
Nestle appoints Anna Manz as new CFO, replacing François-Xavier Roger. The company reported a 5.6% Y/Y sales growth in Q1 2023.
The appointment of a new CFO is an important event for Nestle, but it is not expected to have a significant short-term impact on the stock price. The reported sales growth is positive, but it is already factored into the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
London Stock Exchange Group's CFO, Anna Manz, is leaving the company to join Nestle as its new CFO.
The departure of Anna Manz as CFO of London Stock Exchange Group may have a short-term negative impact on the stock price, as the company will need to find a suitable replacement and ensure a smooth transition.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100