He has served as Vice Chairman and Lead Independent Director since 2024 and is a member of the company's Nomination, Compensation as well as its Chairman's and Corporate Governance Committees. Together with Laurent Freixe, who became CEO of Nestlé on 1 September 2024 and a member of the Board of Directors in April 2025, the new team is well equipped to continue Nestlé's leadership in Nutrition, Health and Wellness and to foster the company's values and principles. Nestlé Chairman Paul Bulcke: "It has been a true privilege and a pleasure to be part of Nestlé's journey over so many years, providing me with enriching experiences and responsibilities, ultimately as Chair of the Board of Directors. I am confident that with Pablo Isla, Laurent Freixe as well as a strong Executive Team and Board of Directors, the Company is in trusted hands and will continue its promising growth and value creation journey. It is the right moment for me to dedicate more time to my family and to embrace my many other interests."