Nestlé sacks CEO Laurent Freixe over undisclosed affair with employee
Nestlé, the world’s largest food company, has fired its chief executive, Laurent Freixe, for breaching its code of conduct by having an undisclosed romantic relationship with a subordinate.
The Swiss conglomerate announced Mr Freixe’s dismissal on Monday, naming longtime executive Philipp Navratil as his replacement.
“The dismissal of Laurent Freixe with immediate effect,” Nestlé said, “follows an investigation into an undisclosed romantic relationship with a direct subordinate which breached Nestlé’s Code of Business Conduct.”
It added that, before Mr. Freixe’s dismissal, “Board ordered an investigation overseen by Chairman Paul Bulcke and Lead Independent Director, Pablo Isla, with the support of independent outside counsel.”
Chairman Paul Bulcke said in a statement that dismissing Mr Freixe was necessary.
“Nestlé’s values and governance are strong foundations of our company,” stated Mr Bulcke.
A new CEO has been named.
“I am pleased to announce Philipp Navratil as CEO. Philipp is recognized for his impressive track record of achieving results in challenging environments,” said Mr Bulcke. “Renowned for his dynamic presence, he inspires teams and leads with a collaborative, inclusive management style.”
Nestlé’s new CEO, Mr Navratil, began his career with the company in 2001 as an internal auditor.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Africa
DR Congo sentences 66 soldiers to death for cowardice, disobeying military orders
The soldiers were among 71 officers tried by a military court in Walikale, North Kivu province.
Abuja
Dry Season: FCT residents raise concerns over fire hazards, heat
Mr Clement advised farmers and other residents to adopt safer methods of clearing farmlands.
World
81-year-old Briton emerges oldest, first science fiction author to win Booker Prize
The 198-page novel, which was the shortest book on the shortlist, is the first work of science fiction to clinch the prestigious £50,000 pound ($67,000) literary award.
NationWide
FG plans assessment tests for foreign graduates before NYSC mobilisation
The FG said the move aimed at preventing certificate fraud and protecting academic standards.
Education
JAMB issues guidelines for prospective 2027 UTME candidates
JAMB has yet to announce when registration for the 2027 UTME will commence.
Heading 1
Suspended Reform UK councillor convicted over post saying Nigerians should be “melted down” to “fill potholes”
During his trial at South Tyneside Magistrates’ Court on Monday, Mr Gibblins defended the comments, describing them as a “tongue in cheek” joke.
