Swiss food giant Nestlé said Monday it dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate, the AP reports.
The maker of Nescafé drinks and Purina pet food said in a statement the dismissal was effective immediately.
An investigation found the undisclosed romantic relationship with a direct subordinate violated Nestlé’s code of conduct.
Freixe, who had been CEO for a year, will be replaced by Philipp Navratil, a longtime Nestlé executive.
“This was a necessary decision,” said Chairman Paul Bulcke. “Nestlé’s values and governance are strong foundations of our company.”
The company didn’t give any other details about the investigation.
















