Nestlé Sacks CEO Laurent Freixe After Affair With Employee

(MENAFN- Swissinfo) Swiss food giant Nestlé has dismissed its CEO, Laurent Freixe, with immediate effect. The move follows an investigation into a previously undisclosed relationship with a female employee who reported directly to him. This content was published on September 2, 2025 - 09:01 2 minutes Keystone-SDA

• Deutsch de Nestlé entlässt CEO Freixe nach Liebesbeziehung mit Mitarbeiterin Original Read more: Nestlé entlässt CEO Freixe nach Liebesbeziehung mit Mitarbeiteri

+Get the most important news from Switzerland in your inbox

The board of directors saw Freixe's behaviour as a violation of the Nestlé code of conduct and internal guidelines, the company announced on Monday evening. The board appointed Nespresso boss Philipp Navratil as the new CEO. Navratil has been with Nestlé for 24 years.

+ Nestlé remains the most valuable Swiss brand

The investigation into Freixe's conduct was done under the supervision of the outgoing board chair Paul Bulcke and the designated new chair, Pablo Isla.

Bulcke was quoted in a statement as saying that the decision was necessary:“Nestlé's values and governance form the solid foundation of our company.” At the same time, he thanked Freixe for his many years of service.

Translated from German with DeepL/gw

MENAFN02092025000210011054ID1110007490