- 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.
IN FULL
