
Group 1 - Nestlé's CEO Laurent Freixe was dismissed by the board due to a violation of the company's code of conduct related to a secret romantic relationship with a subordinate [1] - Philipp Navratil, the former head of the Nespresso business, has been appointed as the new CEO, just one year after Freixe took office [1] - During Freixe's tenure, he implemented a new strategy focused on "fewer products, larger scale, and better effectiveness" to address issues of business fragmentation and inefficiency caused by previous over-expansion [3] Group 2 - Freixe's strategy aimed to revitalize growth by increasing advertising spending and focusing on fewer but larger product plans, alongside a strategic review of struggling vitamin brands [3] - Despite these efforts, Nestlé's stock price fell by 17% during Freixe's leadership, while competitor Unilever's stock only decreased by about 5% [3] - The leadership change has raised concerns about the continuity of Nestlé's strategy and the stability of its business [3]