Reported 1 day ago
Nestlé has dismissed CEO Laurent Freixe after he failed to disclose a romantic relationship with a subordinate, just a year after he took office. The company's board, led by Chairman Paul Bulcke, confirmed the relationship following an internal investigation. Philipp Navratil, previously head of Nespresso, has been appointed as the new CEO. The move raises concerns about the company’s stability as it faces challenges in a tough consumer environment.
Source: YAHOO