Nestle fires CEO after relationship with employee
The Swiss Food Giant Nestle rejected General Manager Laurent Freixe after an investigation into an unexplained relationship with an employee.
Nescafe drinks and the manufacturer of Purina Pet Food, in a statement It comes into force immediately.
An investigation found that the romantic relationship with an employee violated Nestle’s rules of behavior.
Freixe, who has been a general manager for a year, has been replaced by Nestle manager Philipp Navratil for a long time.
“This was a necessary decision, Pa said President Paul Bulcke.
“Nestle’s values and management are the strong foundations of our company.”
The company did not give any other details about the investigation.
Freixe has been with Nestle since 1986 and took part in all over the world.
When the company renewed its geographical structure in January 2022, Freixe became the General Manager of Latin America.
In August 2024, he replaced Mark Schneider, the chief administrator at the time, and began on September 1, 2024.
Navratil started his career as an internal auditor in 2001 with Nestle and worked in various roles in Central America.
In 2020, he joined the Nestle’s Coffee Strategic Business Unit and in 2024 he became the general manager of the Nestle’s Nespresso department.
The last of a series of personnel changes for the company.
Bulcke, a former general manager who has been the chairman of the board since 2017, said he would not continue to be re -elected in 2026.
In April, Steve Presley, Vice President and General Manager of Regional Americas, said he retired after almost 30 years of service.
Vevey faces head winds such as Swiss -based Nestle, increasing commodity costs and other food manufacturers, including the negative impact of US tariffs.
In July, he said that he balances price increases with higher coffee and cocoa.
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