Nestle dismisses chief executive after probe into relationship with employee

"The maker of Nescafe drinks and Purina pet food said in a statement on Monday that the dismissal was effective immediately. An investigation found the undisclosed romantic relationship with an employee violated Nestle's code of conduct. Mr Freixe, who had been chief executive for a year, will be replaced by Philipp Navratil, a long-time Nestle executive. "This was a necessary decision," said chairman Paul Bulcke."

""Nestle's values and governance are strong foundations of our company." The company did not give any other details about the investigation. Mr Freixe had been with Nestle since 1986, holding roles around the world. When the company revamped its geographic structure in January 2022, Mr Freixe became chief executive of Zone Latin America. In August 2024, he was tapped to replace then-chief executive Mark Schneider in the top role, and started September 1 2024."

"Mr Navratil started his career with Nestle in 2001 as an internal auditor and served in a variety of roles in Central America. In 2020, he joined Nestle's Coffee Strategic Business Unit, and in 2024, he became chief executive of Nestle's Nespresso division. It is the latest in a string of personnel changes for the company. In June, Mr Bulcke, a former chief executive who has been chairman of the board since 2017, said he would not stand for re-election in 2026."

Nestle dismissed its chief executive, Mr Freixe, effective immediately after an investigation found an undisclosed romantic relationship with an employee that violated the company code of conduct. Philipp Navratil, a long-time Nestle executive, has been named as his replacement. Mr Freixe had worked at Nestle since 1986 and assumed the top role in September 2024 after leading Zone Latin America. Mr Navratil began at Nestle in 2001, served in Central America, joined the Coffee Strategic Business Unit in 2020, and led Nespresso in 2024. The change is part of recent personnel shifts as the company faces commodity cost and tariff headwinds.

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