Nestle Suddenly Fires CEO Over Romantic Relationship With Employee
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Nestlé has unexpectedly fired CEO Laurent Freixe due to his failure to disclose a romantic relationship with a subordinate. Philipp Navratil, previously overseeing the Nespresso division, has been appointed as the new CEO. This leadership change comes amid ongoing challenges for Nestlé, including tough market conditions and potential global trade tariffs. The decision followed an internal investigation confirming Freixe's breach of company guidelines. Nestlé's Chairman, Paul Bulcke, emphasized the importance of the company's values and governance in the statement regarding Freixe's termination.
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