Gabriel Monnet/AFP via Getty Images
- Nestlé dismisses CEO Laurent Freixe.
- Freixe’s dismissal follows a violation of corporate policy on workplace relationships, Nestlé said.
- Philipp Navratil, former Nestlé Nespresso CEO, will succeed Freixe as the new CEO.
Nestlé says it has dismissed its CEO, Laurent Freixe, after uncovering that he failed to disclose a romantic relationship with a direct subordinate in a violation of corporate policy.
Freixe will be succeeded by Philipp Navratil, who was previously chief executive of Nestlé Nespresso.
Business Insider has reached out to Freixe for comment.
This story is developing and will be updated.
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