Nestlé fires its CEO for an ‘inappropriate relationship’ with a subordinate employee
The code of conduct violation that saw Nestle fire its CEO
- Nestlé, the world's largest packaged-food maker, has fired its chief executive officer, Laurent Freixe.
- The decision stemmed from an undisclosed romantic relationship Freixe had with a subordinate employee, which violated the company's code of conduct.
- Nestlé's chairman, Paul Bulcke, affirmed that the action was essential to maintain the company's values and governance.
- Freixe had worked at Nestlé for nearly 40 years, but his tenure as CEO was brief.
- Philipp Navratil, CEO of Nestlé Nespresso, has been appointed to succeed Freixe as the new chief executive officer.