
Nestle has fired its CEO Laurent Freixe after just one year in the job after an investigation into an undisclosed “romantic relationship”, ousting its second CEO in a year and throwing the Swiss food giant into the deepest leadership chaos in decades.
Freixe is replaced by Nespresso chief Philipp Navratil, a rising star at the world’s biggest packaged food company, which has seen slowing sales in its main businesses since