Skip to main content
See every side of every news story
Published loading...Updated

Nestle Dismisses CEO Freixe Over Relationship With Subordinate

Laurent Freixe was dismissed for violating Nestlé's business conduct code by not disclosing a romantic relationship with a subordinate; Philipp Navratil, a 24-year company veteran, was appointed CEO immediately.

  • On September 1, 2025, Nestlé terminated CEO Laurent Freixe immediately after an internal inquiry revealed he had failed to disclose a personal relationship with an employee who reported directly to him.
  • The inquiry, conducted with guidance from Nestlé's chairman Paul Bulcke and the company's lead independent director Pablo Isla, determined that the relationship breached Nestlé’s business conduct policies and posed a conflict of interest.
  • Freixe had led Nestlé for exactly one year and had nearly 40 years with the company, while Philipp Navratil was immediately appointed as his successor.
  • Navratil began his Nestlé career in 2001 as an internal auditor, held multiple commercial positions across Central America, led Nestlé's coffee and beverage operations in Mexico starting in 2013, joined the Coffee Strategic Business Unit in 2020, and took charge of Nespresso in July 2024.
  • Navratil expressed that he is honored by the Board’s trust and will focus on driving Nestlé’s strategic direction and growth amid challenging market conditions.
Insights by Ground AI
Does this summary seem wrong?

252 Articles

Center

The Swiss food giant Nestlé has dismissed CEO Laurent Freixe with immediate effect. He had an unrevealed "romantic relationship" with an employee under his direct authority.

·Hamburg, Germany
Read Full Article

For CEOs, transactions can end faster than weak numbers. An overview.

·Zürich, Switzerland
Read Full Article
Lean Left

The internal regulations of the multinational, known for its chocolate, strictly prohibit this.

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 43% of the sources are Center
43% Center

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Forbes broke the news in United States on Monday, September 1, 2025.
Sources are mostly out of (0)
News
For You
Search
BlindspotLocal