SaralnamaSwiss multinational finds Laurent Freixe breached code of conduct as it names Philipp Navratil as his replacement Nestlé has dismissed its chief executive, Laurent Freixe, after an investigation into an “undisclosed romantic relationship” with a subordinate that was found to have breached its code of business conduct. The Swiss-headquartered multinational named Philipp Navratil as his replacement. Nestlé said Freixe’s departure after 40 years at the company followed an investigation overseen by its chair, Paul Bulcke, and lead independent director, Pablo Isla, with the support of outside counsel, into the relationship with a direct subordinate in breach of company’s conduct code. “This was a necessary decision,” said Bulcke in a statement. “Nestlé’s values and governance are strong foundations of our company. I thank Laurent for his years of service.” Freixe took over the chief executive role in September last year after… (Updated 2 Sep 2025, 02:12 IST; source: link)
Key Points
- Swiss multinational finds Laurent Freixe breached code of conduct as it names Philipp Navratil as his replacement Nestlé has dismissed its chief executive, Laurent Freixe, after an investigation into an “undisclosed romantic relationship” with a subordinate that was found to have breached its code of business conduct
- The Swiss-headquartered multinational named Philipp Navratil as his replacement
- Nestlé said Freixe’s departure after 40 years at the company followed an investigation overseen by its chair, Paul Bulcke, and lead independent director, Pablo Isla, with the support of outside counsel, into the relationship with a direct subordinate in breach of company’s conduct code