"Swiss food giant Nestlé said Monday it dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate.The maker of Nescafé drinks and Purina pet food said in a statement the dismissal was effective immediately. An investigation found the undisclosed romantic relationship with a direct subordinate violated Nestlé's code of conduct.Freixe, who had been CEO for a year, will be replaced by Philipp Navratil, a longtime Nestlé executive."
"Navratil started his career with Nestlé in 2001 as an internal auditor and served in a variety of roles in Central America. In 2020, he joined Nestlé's Coffee Strategic Business Unit, and in 2024, he became CEO of Nestlé's Nespresso division.It's the latest in a string of personnel changes for the company. In June, Bulcke, a former CEO who has been chairman of the board since 2017, said he wouldn't stand for reelection in 2026."
Nestlé dismissed CEO Laurent Freixe after an investigation found an undisclosed romantic relationship with a direct subordinate that violated the company's code of conduct. The dismissal was effective immediately and Freixe will be replaced by longtime executive Philipp Navratil. Freixe had worked at Nestlé since 1986 and assumed the CEO role on Sept. 1, 2024. Navratil joined Nestlé in 2001, served in Central America, joined the Coffee Strategic Business Unit in 2020, and became CEO of Nespresso in 2024. The change follows other senior moves, including the chairman's planned departure and a recent regional CEO retirement amid commodity and tariff pressures.
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