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Nestle fires new boss over reports of relationship with employee

France's Laurent Freixe, Executive Vice President in the Nestle Headquarters, applauds during an event in Vevey, Switzerland, Thursday, Sept. 18, 2014
France's Laurent Freixe, Executive Vice President in the Nestle Headquarters, applauds during an event in Vevey, Switzerland, Thursday, Sept. 18, 2014
  • Nestlé, the world's largest packaged-food maker, has dismissed its chief executive officer, Laurent Freixe.
  • The dismissal resulted from a board-ordered investigation into an undisclosed romantic relationship Freixe had with a subordinate employee, which violated the company's code of conduct.
  • Paul Bulcke, the board's chairman, affirmed the decision was 'necessary' to maintain Nestlé's strong values and governance.
  • Freixe had served Nestlé for nearly 40 years, though his tenure as CEO was brief, having been appointed in September 2024.
  • Philipp Navratil, formerly CEO of Nestlé Nespresso, will assume the role of chief executive.
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