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Following disclosing an undisclosed romantic relationship with a direct subordinate, the Swiss food giant, Nestlé announced the dismissal of its Chief Executive Officer (CEO), Laurent Freixe.
After a board-ordered investigation was carried out and found he had violated the company’s code of conduct by having an affair with a direct subordinate, this dismissal went into effect.
BrandSpur news brand reports that Laurent Freixe, now sixty-three, had worked for Nestlé for nearly forty years. He took over as Global CEO from Mark Schneider in September of 2024.
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Continuing, under the direction of Lead Independent Director, Pablo Isla and Chairman Paul Bulcke, the inquiry was conducted.
The Chairman had this to say on the executed investigation: “This was a necessary decision. Nestlé’s values and governance are strong foundations of our company. I thank Laurent for his years of service at Nestlé.”
