Nestlé Removes CEO Over Policy Breach; Philipp Navratil Steps In
Global food and beverage giant Nestlé has dismissed CEO Laurent Freixe with immediate effect, following an internal investigation into a romantic relationship with a direct subordinate-a violation of the company’s Code of Business Conduct. The probe was overseen by Chairman Paul Bulcke and Lead Independent Director Pablo Isla, in coordination with independent external counsel. “This was a necessary decision,” said Bulcke. “Nestlé’s values … Read more