#executive-dismissal

[ follow ]
#leadership-change #corporate-governance #workplace-conduct #workplace-relationship-violation
fromABC7 Los Angeles
1 week ago

Nestle dismisses CEO after an investigation into a relationship with a subordinate

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.
Business
#corporate-governance
fromFast Company
1 week ago
Food & drink

Nestle's CEO is out after only a year, following probe into undisclosed relationship

Nestlé dismissed CEO Laurent Freixe for an undisclosed romantic relationship with a direct subordinate, citing code-of-conduct violations, and appointed Philipp Navratil as CEO.
fromIrish Independent
1 week ago
Business

Nestle dismisses chief executive after probe into relationship with employee

Nestle dismissed CEO Mr Freixe immediately for an undisclosed romantic relationship that violated company code; Philipp Navratil replaces him.
more#corporate-governance
[ Load more ]