SaralnamaOne year after taking charge, Nestle fired its CEO Laurent Freixe. The Swiss food company dismissed him for not revealing a romantic relationship with a direct subordinate. A whistleblower report led to an investigation by Nestle's chair and lead director. The inquiry found this relationship was a conflict of interest. Freixe had worked at Nestle for nearly 40 years. He became global CEO last September. Philipp Navratil will now take over as the new CEO. Nestle's chair Paul Bulcke said the company's strategy and performance will not change. (Updated 2 Sep 2025, 00:39 IST; source: link)
Key Points
- One year after taking charge, Nestle fired its CEO Laurent Freixe
- The Swiss food company dismissed him for not revealing a romantic relationship with a direct subordinate
- A whistleblower report led to an investigation by Nestle's chair and lead director