Nestlé has dismissed chief executive Laurent Freixe, due to an inappropriate relationship with a subordinate. The decision, effective immediately, followed an investigation that revealed the romantic involvement violated the company’s code of conduct. Mr Freixe, who had served as CEO for one year, will be succeeded by Philipp Navratil, a long-time Nestlé executive. Chair Paul Bulcke said: “This was a necessary decision. Nestlé’s values and governance are strong foundations of our company”. Mr Navratil has been with Nestlé since 2001, holding various roles before becoming CEO of Nespresso in 2024.
Leave a Reply