Nestle CEO.webp​

The Digest:

In a move aimed at upholding company values, Nestlé has fired its chief executive, Laurent Freixe, with immediate effect. The decision came after an internal probe revealed he had engaged in an undisclosed romantic relationship with a direct subordinate, which breached the company's code of business conduct.

Key Points:
  • Nestlé has fired its CEO, Laurent Freixe, with immediate effect.
  • An internal investigation found he had an undisclosed romantic relationship with a subordinate.
  • The company stated this was a breach of its code of business conduct.
  • Freixe had only been CEO since September 2024.
  • Philipp Navratil, the CEO of Nespresso, has been appointed as the new chief executive.
  • Nestlé's chairman, Paul Bulcke, described the dismissal as a "necessary decision."
The company's swift action sends a clear message about its strict policies on corporate governance, even at the highest levels of leadership. Freixe's dismissal marks a sudden end to his decades-long career with the multinational giant.

Sources: Nestlé Announcement