Nestlé announces new Group CEO appointment

Nestlé has announced the change in leadership, with the appointment of a new CEO in their employee ranks. - CEO of Nestlé dismissed from employment

In a surprising turn of events, Nestlé has announced the dismissal of CEO Laurent Freixe with immediate effect, following an investigation into an undisclosed romantic relationship involving an employee who reported directly to him. The relationship was found to be in violation of Nestlé's code of conduct and internal guidelines.

The decision to dismiss Freixe was made by the board of directors. Nestlé Chairman Paul Bulcke stated that the decision was necessary. Bulcke thanked Freixe for his years of service to Nestlé.

In a move to accelerate growth and efficiency, the board of Nestlé has appointed Nespresso CEO Philipp Navratil as the new CEO. Navratil, who has been with Nestlé for 24 years, starting his career at the company in 2001 in internal audit, was appointed Nespresso CEO last year. Since early January, he has been a member of the executive board.

Navratil's appointment as CEO was made in Vevey, where the announcement was also made. No further details about a new CEO for Nespresso were disclosed.

Navratil's strategic direction for Nestlé remains unchanged, as he aims to accelerate growth and efficiency under his leadership. The company's focus on delivering high-quality products and services to its customers remains a top priority.

Freixe took over the leadership of Nestlé in September 2024, succeeding German manager and former Fresenius CEO Mark Schneider. No further details about the nature of the relationship that led to Freixe's dismissal were disclosed.

This marks a significant change in the leadership of Nestlé, and Navratil's appointment is expected to bring fresh perspectives and strategies to the company. The company remains committed to its mission of enhancing quality of life and contributing to a healthier future.