Nestle is a major fire after a romantic relationship with the employee

Nestle launched the CEO only one year after the job because he failed to reveal a “romantic relationship” with “direct subordinate”.

The Swiss food giant, which makes the Kit Cat chocolate bars and Nisbros coffee capsules, said that Laurent Frexy had stumbled with an “immediate effect” after the investigation led by Nestlé’s president and independent manager.

The BBC realizes that the investigation was operated through a report submitted through the company’s violations channel.

“This was a necessary decision,” said President Paul Bulki. “

The relationship with an employee was not in the Executive Council and the investigation began because it represents a conflict of interests, and the BBC learned.

In addition to Mr. Polk, the independent director, Pablo Isla, supervised the investigation of Mr. Freixe “with the support of an independent external lawyer.”

Mr. Freixe was with Nestle nearly 40 years ago, but she went up to the global executive role last September, to replace Mark Schneider.

Philipp Navratil, who has been with Nestle since 2001, was appointed as the successor of Mr. Freixe.

Mr. Bolkk said that the company “does not change the path about the strategy and we will not lose performance.”

Nestlé confirmed that Mr. Freixe will not receive an exit package.

Other companies have separated roads with executives after investigations into their personal relationships with colleagues.

CEO of BP Bernard LooneyWho led the oil giant for three years, resigned after admitting that he was not “completely transparent” at first.

Steve Istrbruck was expelled by McDonald’s In 2019 after he found that he had a consensual relationship with an employee.

But McDonald’s said he found more investigations that the British executive authority had three additional relationships with employees.

Initially received $ 105 million (77.5 million pounds) in a separation package that came back later. In 2023, he was fined $ 400,000 by the US Financial Supervision Authority for misleading investors. Paying the punishment without recognizing or rejecting claims.