Food and beverage giant Nestlé has taken a shocking decision. The company's CEO Laurent Freixe was suddenly removed from his position. The reason for this was not a business loss, but a romantic relationship, which changed the path of his entire career.
Food and beverage giant Nestlé has taken a shocking decision. The company's CEO Laurent Freixe was suddenly removed from his position. The reason for this was not a business loss, but a romantic relationship, which changed the path of his entire career.
Investigation board and strictness of the decision (Nestlé CEO Exit)
This investigation was conducted under the supervision of independent director Pablo Isla and the company's legal advisors. Company chairman Paul Bulcke said in a statement - "Nestlé has a strong foundation, so transparency and ethics of leadership are paramount. Freix's contribution will be appreciated, but his conduct cannot be ignored." New leadership – Philippe Navratil (Nestlé CEO Exit)
After Freix's exit, Nestlé Nespresso CEO Philippe Navratil has been immediately appointed as the new CEO. Navratil has previously been an executive vice president at Nestlé and the company's board hopes that he will give a strong direction to the organization even in difficult situations.
Freix's long journey – a bitter end (Nestlé CEO Exit)
Laurent Freix's relationship with Nestlé began in 1986. He handled the company's Europe and Latin America operations for a long time. Since 2014, he became a prominent face in the company's global strategy and reached the CEO's chair. But a career of nearly four decades came to an abrupt halt due to a personal relationship.
This decision of Nestlé makes it clear that big companies around the world are now working on a "zero tolerance policy". There will be no compromise on personal relationships, no matter how high the position is.
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