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Nestle's new CEO faces full plate of problems
Financial Express Chennai
|September 03, 2025
THE ABRUPT DISMISSAL of Nestle CEO Laurent Freixe has catapulted Philipp Navratil into the top job overnight, tasking him with reversing a prolonged share price decline and reigniting sluggish sales at the world's largest consumer goods company.
Nestle, the maker of products from KitKat chocolate to Nesquik, fired Freixe on Monday for failing to disclose a romantic relationship with a subordinate. The board appointed Nespresso chief Navratil as his successor with immediate effect.
Navratil, a 49-year-old Swiss and Austrian citizen, is a Nestle veteran. He joined the firm in 2001 after a business degree and rose through the ranks, spending many years in Latin America and being made head of Nestle Nespresso last year.
He joined the Nestle executive board on January 1 this year.
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