Core Points - Nestlé has dismissed its CEO Laurent Freixe due to an investigation into an undisclosed romantic relationship with a subordinate, which violated the company's code of conduct [1][2] - Philipp Navratil has been appointed as the new CEO, recognized for his impressive track record and collaborative management style [3][4] Company Overview - Freixe's departure comes after 40 years at Nestlé, and he took over as CEO in September 2022 after the ousting of Mark Schneider [2] - The investigation was overseen by Nestlé's chair Paul Bulcke and lead independent director Pablo Isla, with external counsel support [2] Leadership Transition - Navratil has been with Nestlé since 2001, holding various roles including country manager for Honduras and leadership positions in the coffee and beverage business [4][5] - The board expresses confidence in Navratil's ability to drive growth and maintain performance without changing the company's strategic direction [4]