Nestle sacks chief executive Laurent Freixe over affair with junior colleague
According to Monday, he said, “I am fully adopted the action plan to increase the strategic aspect of the company and the performance of Nestlé,” he said.
Since Bloomberg Intelligence’s Duncan Fox has become stable in a note, Navratil has the potential to look at portfolio restructuring such as accelerating long -term growth and lower growth cereals and water exit. The authority points out that his age under the age of 50 can see for more than 10 years.
The sudden change contributes to turbulence in Nestle’s rudder.Credit: Stefan Wermuth by Bloomberg Photo
Another challenge for Nestlé is the global trade friction directed by US President Donald Trump’s tariffs. Freixe often pointed out that 90 percent of Nestle’s US products are made in Turkey. An important exception is Nespresso capsules produced only in Switzerland and now face a 39 percent tariff.
Vontobel This is a delicate point because Nestle is already under the spotlight in the midst of a negative news stream, Je said Vontobel Analyst Jean-Philippe Bertschy. “Nestlé should soon find calm waters because the nerves of investors have been tested for several months.”
Freixe is the last of the boss of several consumers and retail companies to lose their work on workplace relations in recent years.
Loading
After establishing a consent -based relationship with an employee, he rejected CEO Steve Steve Easterbrook in 2019 and lifted CEO of Kohl’s CEO, CEO of Kohl’s millions of dollars in 2025, to a romantic partner.
Freixe aimed to revive the growth and win shoppers by increasing advertising expenditures and betting on less but larger product initiatives. In addition, he launched a strategic examination of struggling vitamin brands and transformed Nestlé’s water business into an independent unit. However, Nestlé shares decreased by 17 percent under the term of office, Nestlé shares decreased by 17 percent compared to a decrease of approximately 5 percent for the rival Unilever, but did not recover the trust of investors.
Nestlé’s sales volumes contract with 0.4 percent in the second quarter.
