Nestlé Fires CEO Laurent Freixe Over Relationship Probe
Nestlé has dismissed CEO Laurent Freixe after an investigation into a breach of the company's code of conduct due to an undisclosed romantic relationship with a subordinate. Philipp Navratil, previously head of Nestlé Nespresso, has been appointed as the new CEO. This leadership change comes as the company also seeks to divest several underperforming businesses.
Nestlé Fires CEO Laurent Freixe Over Relationship Probe
Nestlé has dismissed CEO Laurent Freixe after an investigation into a breach of the company's code of conduct due to an undisclosed romantic relationship with a subordinate. Philipp Navratil, previously head of Nestlé Nespresso, has been appointed as the new CEO. This leadership change comes as the company also seeks to divest several underperforming businesses.
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