NEW: Nestlé CEO fired over secret affair with subordinate

NESTLÉ announced the resignation of CEO Laurent Freixe for failing to disclose a romantic relationship with an employee, violating company policy, Reuters reports.

Following a hotline tip this spring about a possible relationship with a direct subordinate, Freixe denied the allegations during the investigation.

Freixe, a 40-year Nestlé veteran and CEO since 2024, will be succeeded by Philippe Navratil, a former vice president. Freixe will not receive a severance package.

This marks Nestlé’s second CEO resignation within a year. — Wires

facebookShare on Facebook
TwitterPost on X
FollowFollow us
PinterestSave

Related Posts

Africa must engineer own future, says Prof Mavima
Africa must engineer own future, says Prof Mavima

  Online Correspondent National Housing and Social Amenities Minister, Professor Paul Mavima, has challenged African countries to harness engineering, innovation and home-grown technological solutions to accelerate sustainable development and transform…

Continue reading
New Commissioners take oath of office
New Commissioners take oath of office

  PRESIDENT Mnangagwa is today presiding over the swearing-in of newly appointed Commissioners to key constitutional bodies, including the Zimbabwe Media Commission, Zimbabwe Gender Commission, Zimbabwe Electoral Commission and Zimbabwe…

Continue reading

Leave a Reply

Your email address will not be published. Required fields are marked *