Nestlé fires CEO Laurent Freixe over ‘romantic relationship’ with subordinate

Nestlé abruptly dismissed CEO Laurent Freixe after discovering an undisclosed romantic relationship with a subordinate, violating the company’s code of conduct. Philipp Navratil, previously head of Nespresso, has been appointed as the new CEO, tasked with maintaining Nestlé’s current strategy and improving efficiency. The decision follows an internal investigation and aims to uphold the company’s values and governance. Nestlé abruptly dismissed CEO Laurent Freixe after discovering an undisclosed romantic relationship with a subordinate, violating the company’s code of conduct. Philipp Navratil, previously head of Nespresso, has been appointed as the new CEO, tasked with maintaining Nestlé’s current strategy and improving efficiency. The decision follows an internal investigation and aims to uphold the company’s values and governance.