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Nestlé Ousts CEO Laurent Freixe Amid Leadership Crisis Over Undisclosed Relationship
Nestlé has dismissed CEO Laurent Freixe after just one year in the role, following an internal investigation into an undisclosed romantic relationship with a direct subordinate — a breach of the company’s code of business conduct. The move marks the Swiss food giant’s second CEO departure in a year, deepening its leadership instability.
Freixe, a nearly 40-year Nestlé veteran, initially denied the relationship when concerns were raised through the company’s internal reporting channel, but a subsequent probe — overseen by Chairman Paul Bulcke and independent counsel — confirmed the violation. He will receive no exit package.
Philipp Navratil, head of Nespresso and a long-time company executive, has been appointed as the new CEO. The leadership shake-up comes as Nestlé faces slowing sales, U.S. tariff pressures, and waning investor confidence. Shares dipped 0.8% in Zurich following the announcement.
This latest scandal places Nestlé among a growing list of global corporations forced to remove top executives over undisclosed workplace relationships, echoing high-profile exits at BP and McDonald’s in recent years.
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