Nestlé dismissed CEO Laurent Freixe with immediate effect following an investigation into an undisclosed relationship with a subordinate that breached company policy, according to The Wall Street Journal. Freixe replaced Mark Schneider as CEO in September 2024, focusing on reviving growth and reviewing underperforming brands in the vitamins and supplements unit. Philipp Navratil, CEO of Nestlé Nespresso since 2024, has been named as Freixe’s successor and is expected to maintain Nestlé’s current strategy of streamlining operations and improving efficiency. The leadership change comes as the company faces slowing demand, Trump’s tariffs, and operational setbacks, including a botched IT integration in its health-sciences unit.
