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Nestle plunges into turmoil as CEO fired over affair
Business Standard
|September 03, 2025
The Downfall
Nestle has fired its CEO Laurent Freixe (pictured) after just one year in the job after an investigation into an undisclosed "romantic relationship", ousting its second CEO in a year and throwing the Swiss food giant into the deepest leadership chaos in decades.
Freixe is replaced by Nespresso chief Philipp Navratil, a rising star at the world's biggest packaged food company, which has seen slowing sales in its main businesses since the pandemic.
Shares in the maker of Nescafe coffee and KitKat chocolate bars were down 1 per cent following Freixe's sudden dismissal, which comes a year after the predecessor Mark Schneider was axed for underperformance.
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