The Board of Directors of Nestlé S.A. has announced that Pablo Isla will become chairman effective October 1, following Paul Bulcke's decision to step down from the Board earlier than planned. "I have full trust in Nestlé's new leadership and firmly believe this great company is well positioned for the future," Paul Bulcke, chairman of Nestlé, stated. Dick Boer has been appointed Lead Independent Director and Vice Chairman of the Board of Directors beginning October 1. "On behalf of the Board of Directors, I want to express our heartfelt gratitude to Paul for his leadership and unwavering dedication to Nestlé. In recognition of his longstanding and dedicated service, we have named Paul as Honorary Chairman," Pablo Isla, vice chairman and chairman elect, said.