Orior CEO Daniel Lutz to end decade-long stint [Yahoo! Finance]
NESTLE S.A S/ADR (NSRGY)
NASDAQ:AMEX Investor Relations:
nestle.com/investors
Company Research
Source: Yahoo! Finance
The board of directors, together with Lutz, "has reached an agreement that the company's leadership should be placed in new hands", the Zurich-headquartered group said in a statement. Orior named Lutz, a former Nestle executive, as its CEO in October 2014. In August, the company tweaked its sales and margin guidance lower amid what Lutz said at the time remained a “challenging environment”. Orior, behind brands including Albert Spiess cold meats, Biotta juices and Pastinella pasta, experienced a nearly 24% fall in EBIT in the first half of the year to SFr12.8m ($14.6m), with the EBIT margin dropping 130 basis points to 4.1%. Net profit during the period was down 27% at SFr9.4m. Orior said today (7 November) it has started the recruitment process for a new CEO. In a statement, the board expressed gratitude to Lutz for his tenure, specifically for “the successful internationalisation of the Orior group and handling of the extraordinary situation during the Covid crisis”.
Show less
Read more
Impact Snapshot
Event Time:
NSRGY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NSRGY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NSRGY alerts
High impacting NESTLE S.A S/ADR news events
Weekly update
A roundup of the hottest topics
NSRGY
News
- Nestle's KitKat signs Formula 1 deal as CEO Freixe seeks broader appeal [CNBC]CNBC
- Nestle's KitKat signs Formula 1 deal as CEO Freixe seeks broader appeal [Yahoo! Finance Canada]Yahoo! Finance Canada
- Nestle's KitKat signs Formula 1 deal as CEO Freixe seeks broader appeal [Yahoo! Finance]Yahoo! Finance
- Fonterra to Assess IPO as One Option for Consumer Unit Sale [Yahoo! Finance Canada]Yahoo! Finance Canada
- Fonterra to Assess IPO as One Option for Consumer Unit Sale [Yahoo! Finance]Yahoo! Finance