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fromFortune
2 weeks ago
World news

If your spouse used to report to you, you probably shouldn't be a CEO

Companies increasingly enforce strict consequences for CEOs involved in improper workplace relationships, swiftly removing leaders to protect reputation and governance.
fromEntrepreneur
3 weeks ago
World news

Nestle CEO Laurent Freixe Fired for Code of Conduct Violation | Entrepreneur

Nestlé dismissed CEO Laurent Freixe for an undisclosed romantic relationship with a direct subordinate, violating company conduct and prompting immediate removal without exit compensation.
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fromFortune
3 weeks ago

New Nestle CEO joined the company straight out college-like Mary Barra and Doug McMillon, he climbed all the way to the top at a single company

The battle for the corner office may be more competitive than ever before-with promotions today seeming few and far between; in fact, some 75% of workers leave jobs before ever being promoted, according to ADP. However, playing the long game also has its benefits-and Philipp Navratil is the latest example of that. The 49-year-old was just named the CEO of Nestlé, the multinational food and drink conglomerate consisting of brands like Nespresso, KitKat, and Cheerios, after spending his entire career climbing the same ladder. Navratil first joined Nestlé as an internal auditor in 2001, fresh out of obtaining his MBA from the University of St. Gallen in Switzerland.
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fromFortune
3 weeks ago

Nestle picks insider to replace CEO fired over affair

Nestlé appointed Philipp Navratil as CEO after two recent leadership exits, prompting investor concern, share declines, and questions about succession and governance.
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