Nestle CEO Laurent Freixe addresses the Annual General Meeting of Nestle successful Ecublens adjacent Lausanne, Switzerland, April 16, 2025.
Pierre Albouy | Reuters
Nestle has dismissed its CEO Laurent Freixe aft a codification of behaviour breach, it said connected Monday, appointing Philipp Navratil arsenic his successor.
Nestle said Freixe's departure follows an probe overseen by Chairman Paul Bulcke and Lead Independent Director Pablo Isla into an undisclosed romanticist narration with a nonstop subordinate which breached the company's codification of concern conduct.
"This was a indispensable decision," said Bulcke successful a statement. "Nestle's values and governance are beardown foundations of our company. I convey Laurent for his years of service."
Company seasoned Freixe took over the CEO relation in September past year after Nestle ousted his predecessor Mark Schneider.
Navratil began his vocation with Nestle successful 2001 arsenic an interior auditor. After holding assorted commercialized roles successful Central America, helium was appointed state manager for Nestle Honduras successful 2009.
He assumed enactment of the java and beverage concern successful Mexico successful 2013, and transitioned to Nestle's Coffee strategical concern portion successful 2020.
He moved to Nespresso successful July 2024, and joined the Nestle enforcement committee connected January 1 this year.
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