The Swiss food giant said on Monday that Nestle suddenly opened fire at CEO Laurent Frexy just one year after this role, after an internal investigation in an unannounced relationship with a subordinate violating the company’s policy.
The chapter extends to a wave of executive instability in Nestlé, which was placed Freixe as a fixed caliph after his predecessor, Mark Schneider, in 2024. The company said the relationship had violated the code of its behavior and was marked for the first time through the system of internal violations.
Freixe’s replacement is Philipp Navratil, which previously led the company Nespresso to the company. “This was a necessary decision.” “The values of Nestle and its governance are strong foundations for our company.”
Freixe becomes the latest CEO of consumer who has lost his job on the workplace, after the exits at McDonald’s and Kohl in recent years. Nestle confirmed that he will not receive any exit package.
His departure follows a turbulent period. Freixe has tried to re -focus Nestlé on basic strengths, get out of her water and review weak vitamin brands. However, the shares decreased by 17 % during its presence at the head, and the sizes of the second quarter decreased by 0.4 %.
Navratil, an ancient warrior in Nestle for more than two decades, is seen as a stability force with a long runway. He joined the Executive Council this year and was previously able to the global strategy of Nescafé and Starbucks partnership.
Analysts suggest restructuring the Navratil portfolio, including exits of slow growth categories such as grains and bottled water. But he also inherits external pressures-with the new definitions by 39 % during the era of US President Donald Trump on Swiss-made Nespo capsules.
The internal investigation of Polky and the independent director Pablo Isla led with an external lawyer. ISLA has been nominated to succeed Bulcke as head of next year.
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