Nestle dismisses CEO Freixe after romantic relationship with staffer
- 02-Sep-2025
Nestle has abruptly dismissed its CEO Laurent Freixe for failing to disclose a romantic relationship with a subordinate, the Swiss food giant said on Monday, a dramatic removal a year after he took the reins. The maker of products ranging from KitKat to Nesquik said that it had appointed veteran insider Philipp Navratil, who had […]
Nestle CEO Freixe’s turnaround plan faces challenge
- 19-Oct-2024
Nestle’s plans under new CEO Laurent Freixe to restructure and sharpen its focus on its top brands were welcomed by investors, but executing a turnaround strategy against a backdrop of weak consumer demand will be a tough task. After replacing Mark Schneider as CEO last month, Freixe set out plans on Thursday to revamp the […]