AU COMMISSION CHAIRPERSON ARRIVES IN BAMAKO TO REVIVE DIALOGUE WITH MALI. (PHOTO).

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 AU Commission Chairperson Arrives in Bamako to Revive Dialogue With Mali Mahmoud Ali Youssouf arrived for a two-day official visit, according to an AU statement. He was welcomed by Mali’s Foreign Minister Abdoulaye Diop and is also expected to meet with President Assimi Goïta, it said, Sputnik reported. The visit comes as Mali remains suspended from AU activities since June 2021. The AU has reaffirmed its support for Mali’s sovereignty and territorial integrity while proposing increased assistance to the security sector.
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NESTLÉ CHAIRMAN RESIGNS TWO WEEKS AFTER CEO’S SUDDEN DISMISSAL. (PHOTO).

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 Nestlé chairman resigns two weeks after CEO’s sudden dismissal


Nestlé announced that Chairman Paul Bulcke will step down on Oct. 1, accelerating a planned departure amid ongoing leadership changes following the sudden firing of the company’s CEO earlier this month. Bulcke, who has served as chairman since 2017, had originally planned to leave next April. Vice Chair Pablo Isla will take over the chairman role after Bulcke’s early exit.

The move comes as Bulcke faced pressure from investors critical of the company’s performance and decision-making, according to reports. “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,” Bulcke said in a statement. The decision follows the abrupt ouster of CEO Laurent Freixe over an undisclosed relationship with a subordinate. Nestlé appointed Philipp Navratil, head of its Nespresso brand, as CEO, marking the third chief executive in just over a year. The company has struggled with sluggish sales and falling shares, down 35% since early 2022, amid internal missteps and inflation-driven consumer pullbacks.

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