Nestlé, the Swiss multinational behind Nespresso and KitKat, has sacked its chief executive, Laurent Freixe, with immediate effect after an internal probe found he had engaged in an undisclosed romantic relationship with a direct subordinate. The company announced the decision on Monday, stating that the relationship breached its code of business conduct. Following the dismissal, Nespresso CEO Philipp Navratil was swiftly appointed to take over as chief executive. Nestlé’s board explained that the investigation was overseen by Chairman Paul Bulcke and lead independent director Pablo Isla, with support from external…
Read More‘Office Romance,’ Nestlé Sacks CEO Laurent Freixe
