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Nestlé Fires CEO Laurent Freixe Over Inappropriate Relationship
Financial MarketsCorporate GovernanceUpdated a few seconds ago

Nestlé Fires CEO Laurent Freixe Over Inappropriate Relationship

Nestlé has terminated CEO Laurent Freixe following the revelation of an inappropriate romantic relationship with a subordinate, raising concerns about corporate governance. The company emphasized that this breach of conduct violated its policies. Philipp Navratil has been appointed as the new CEO.

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Nestle has terminated the employment of CEO Laurent Freixe following revelations of a romantic relationship with a direct subordinate. The company cited the relationship as 'undisclosed' and a breach of conduct.
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Nestlé Dismisses CEO Laurent Freixe Over Inappropriate Relationship With a Subordinate
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Nestlé has dismissed CEO Laurent Freixe due to an inappropriate relationship with a subordinate, violating company policy. Philipp Navratil has been appointed as his replacement.
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