Nestlé dismissed CEO Laurent Freixe on September 1, 2025, for failing to disclose a romantic relationship with a subordinate, violating the company’s code of conduct. The decision followed a thorough investigation confirming the breach.
Nestlé CEO Laurent Freixe, who assumed the role in September 2024 after nearly 40 years with the company, was removed after an anonymous whistleblower report in spring 2025. The initial investigation was inconclusive, but a second probe, overseen by Chairman Paul Bulcke and Lead Independent Director Pablo Isla with external counsel, confirmed the Laurent Freixe relationship issue, leading to his dismissal.
Laurent Freixe Relationship Violation
The Laurent Freixe relationship with a direct subordinate, not an executive board member, was not disclosed, creating a conflict of interest. Nestlé’s code of conduct mandates transparency in such cases, and the failure to report prompted Nestlé to dismiss CEO Laurent Freixe to uphold governance standards.
Who is The New CEO of Nestlé?
Philipp Navratil, a Nestlé veteran since 2001, was named CEO effective immediately after Nestlé dismissed CEO Laurent Freixe. Navratil, previously CEO of Nespresso and an executive board member since January 2025, takes over as the company navigates economic challenges and a 17% share decline over the past year.
Nestlé dismisses CEO Laurent Freixe after code of conduct breach amid trade tariffs and a tough consumer market. Chairman Bulcke stated the company’s strategy remains unchanged. Analysts highlight Nestlé’s potential despite recent performance struggles, following the decision to dismiss CEO Laurent Freixe.
