Nestlé has actually dismissed its Chief Executive Officer, Laurent Freixe, after an internal examination exposed he was associated with a concealed romantic relationship with a direct subordinate, breaching the business’s Code of Business Conduct.
Who is Philipp Navratil?
In a declaration, the Swiss durable goods giant stated: “The departure of Laurent Freixe follows an investigation into an undisclosed romantic relationship with a direct subordinate which breached Nestlé’s Code of Business Conduct. In line with best practice corporate governance, the Board ordered an investigation overseen by Chairman Paul Bulcke and Lead Independent Director Pablo Isla, with the support of independent outside counsel.”
The Board of Directors likewise revealed the instant visit of Philipp Navratil as the brand-new CEO of Nestlé S.A.
Nestlé Chairman Paul Bulcke stressed that the choice was inevitable: “This was a necessary decision. Nestlé’s values and governance are strong foundations of our company. I thank Laurent for his years of service at Nestlé.”
Who is Laurent Freixe?
Freixe ended up being Nestlé’s Chief Executive Officer in September 2024. In 1986, Laurent signed up with Nestlé in France, where he handled functions of increasing obligation in Marketing and Sales. In 1999, he ended up being the Head of the Nutrition Division of Nestlé France. Laurent was selected CEO of Nestlé Hungary in 2003 and after that CEO of the Nestlé Iberian Region in 2007.
In November 2008, Laurent signed up with the Nestlé S.A. Executive Board as Executive Vice President, accountable for Zone Europe, and was selected CEO of Zone Americas, Nestlé’s biggest area, in 2014. Following Nestlé’s brand-new geographical structure in January 2022, Laurent ended up being CEO Zone Latin America.
Throughout his consultation in 2015, Nestle hailed him as a natural leader. “Throughout his time at the company, he has been fundamental in driving innovation and leading performance across Nestlé’s value chain to help enable healthier lives and contribute to the communities in which the Group operates,” the business stated then.
Laurent released the Nestlé Needs YOUth effort in Europe in 2013 which based on the business declaration in 2024 offers a wide variety of job opportunity for youths under 30 and enhances their abilities and expert abilities. It intends to assist 10 million youths all over the world have access to financial chances by 2030.
Born in Paris, Laurent was informed at Ecole de Hautes Etudes Commerciales du Nord in Lille and likewise took part in the IMD Program for Executive Development in Switzerland.
