Nestle rejects the CEO after investigating a relationship with a subordinate

The Swiss food giant Nestle said on Monday that he refused CEO Laurent Frex after investigating an unannounced relationship with direct subordinate.

Nesafé Drinks and Purina Pet Food said in a statement that the chapter was immediately effective. An investigation was found that the romantic relationship with a direct subordinate violated the rules of Nestlé’s behavior.

Freixe, who was the CEO for a year, will be replaced by Philip Navartel, a long -term executive official in Nestle.

“This was a necessary decision.” “The values ​​of Nestle and its governance are strong foundations for our company.”

The company did not provide any other details about the investigation.

Freixe has been with Nestle since 1986, where he has made roles all over the world. When Nestlé renewed its geographical structure in January 2022, Freixe became the CEO of Zone Latin America. In August 2024, it was exploited to replace “Mark Schneider at the time” in the upper role, and began on September 1, 2024.

Navratil began his career with Nestlé in 2001 as an internal reference and served in a variety of roles in Central America. In 2020, he joined the Nestlé strategic business unit, and in 2024, he became the CEO of Nestlé’s nespresso.

It is the latest in a series of company’s employee changes. In June, Polky, the former CEO who had been the Chairman of the Board since 2017, said he would not defend his re -election in 2026. In April, Steve Presley, CEO and CEO of the American region company, said he was retired nearly 30 years after service.

Its headquarters in Vevey, Switzerland, Nestlé faces opposite winds like other food makers, including high commodity costs and negative impact of definitions. He said in July that it compensates for the highest cocoa coffee and cocoa costs with a price increase.