The CEO of Nestlè Laurent Freixe was fired by the group just one year after its settlement, due to an unreacted sentimental relationship with an employee. In place for the assignment, Philipp Navratil was chosen. The decision, communicated the Swiss giant, arrived at the end of an investigation conducted by President Paul Bulcke and the independent councilor Pablo Isla, with the support of an external consultant, who ascertained the Freixe report with his direct subordinate, thus violating the Nestlé Code of Conduct.
Nestlè: “necessary decision”
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“It was a necessary decision. The values and governance of Nestlé are the solid foundations of our company. I thank Laurent for his years of service in Nestlé,” he underlines in a note Bulcke. Freixe had arrived a year ago to reinvigorate the trend of the group after the eight -year -old mandate of Mark Schneider whose work and some strategic choices criticized.
Who is the new CEO
This is how Philipp Navratil arrives at the top, a veteran of the group where he entered 2001 and in which he held several positions, landing in 2020 at the helm of the division that deals with Nescafè and Starbucks and therefore in 2024 as CEO of Nespresso. In the board he sits since January of this year. Navratil “is known for its impressive results obtained in difficult contexts” said the president of the group that boasts a 2000 brands portfolio including, in Italy, the Perugia one.
