Nestle abruptly removes CEO Freixe over undisclosed relationship with subordinate

Nestlé has abruptly fired CEO Laurent Freixe, a year into his tenure, for failing to disclose a romantic relationship with a subordinate, violating company conduct rules.

Philipp Navratil, former head of Nespresso, has been appointed as his immediate successor.

The dismissal follows two internal investigations and comes amid a challenging consumer market and ongoing U.S. trade disruptions.

Freixe will not receive an exit package, CNN has reported.

The sudden leadership change adds uncertainty to Nestlé’s strategy, with shares down 17% over the past year, and follows a broader trend of high-profile CEO departures over personal conduct issues in global consumer companies.

read more: https://edition.cnn.com/2025/09/01/business/nestle-ceo-code-of-conduct-breach

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