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Nestlé fired CEO Laurent Freixe for violating the company's code of conduct by having a relationship with a subordinate. An investigation led to his dismissal and replacement by Philipp Navratil. The news follows a period of stock decline for Nestlé.
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Nestlé Dismisses Chief Executive Over Relationship With Subordinate By Cade Metz Sept. 1, 2025 Nestlé, the Swiss multinational conglomerate and the world’s largest food company, has dismissed its chief executive, Laurent Freixe, over an undisclosed relationship with a subordinate, a breach of the company’s code of conduct. Mr. Freixe will be replaced by a longtime Nestlé executive, Philipp Navratil, the company said in a news release on Monday. Nestlé said that Mr. Freixe’s dismissal followed an investigation into a romantic relationship he had with a direct subordinate. The investigation was overseen by the company’s chairman, Paul Bulcke, and lead independent director, Pablo Isla, and included outside counsel. “This was a necessary decision,” Mr. Bulcke said in a statement. “Nestlé’s values and governance are strong foundations of our company. I thank Laurent for his years of service at Nestlé.” Mr. Navratil, who replaces Mr. Freixe effective immediately, was previously senio...
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