Nestlé CEO Laurent Freixe ousted over inappropriate workplace relationship with subordinate

Core Points - Nestlé S.A. has appointed a new CEO, Philipp Navratil, following the ousting of former CEO Laurent Freixe due to an inappropriate workplace relationship [1][4] - The investigation into Freixe's conduct was overseen by Chairman Paul Bulcke and Lead Independent Director Pablo Isla, and Freixe will leave without an exit package [1][2] - Navratil has a strong background within the company, having started as an auditor in 2001 and holding various leadership roles, including overseeing the Coffee Strategic Business Unit [7][10] Company Leadership Transition - The decision to remove Freixe was deemed necessary to uphold Nestlé's values and governance [2] - Navratil is recognized for his impressive track record in challenging environments and is expected to drive growth and efficiency efforts [4][11] - He expressed his commitment to the company's strategic direction and plans for performance improvement [11][12]