Laurent Freixe was accused of violating the firm’s code of conduct just one year after assuming the position.
The giant Nestlé Food Company announced the immediate dismissal of his CEO, Laurent Freixejust a year after assuming the position. The decision was made after discovering that maintained an unrelated romantic relationship with a direct subordinate employee violating the company’s code of conduct.
The relationship involved an employee who was not part of the Executive Directorate and was identified as a clear Conflict of interest.
The investigation began as a result of a signal received through the company’s irregularities denunciation channel. It was everything Supervised by Nestlé president Paul Bulckeand the main independent director, Pablo Islawho had the support of an independent external advisor. He Successor is Philipp Navratilwho directed the Nespresso coffee unit.
“It was a necessary decision. Nestlé’s values and good governance constitute the solid foundations of our company. I thank Laurent for his service years“Bulcke said in a statement.” We are not going to change the course of our strategy and we will not lose the pace in terms of performance, “he added.
Philipp Navratil’s career, successor Laurent Freixe, the dismissed CEO
Philipp Navrathil (1)
Navrathil Philipp He started his career in Nestlé In 2001 as internal auditor. He was appointed national director of Nestlé Honduras in 2009 after performing several commercial functions in Central America.
He assumed the leadership of the coffee and drinking business in Mexico in 2013 and went to the Nestlé coffee business unit in 2020. Some time later he moved to Nespresso in July 2024 and joined the firm Executive Board on January 1 of this year. Now, he was named immediate successor of Laurent Freixe and will assume the position of executive director of the company.
Source: Ambito
