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The Independent UK
The Independent UK
National
Rachel Dobkin

The code of conduct violation that saw Nestle fire its CEO

Laurent Freixe Nestlé
  • 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.

IN FULL

Nestlé fires its CEO for an ‘inappropriate relationship’ with a subordinate employee

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