Nestle fires CEO after ‘undisclosed romantic relationship’ with employee | Money News

Nestle’s shares dropped over 2.5% following the immediate dismissal of CEO Laurent Freixe due to an investigation into a romantic relationship with a direct employee that violated company policy. Freixe, who had been with Nestle since 1986, is replaced by Philipp Navratil, marking the second CEO departure in a year as Nestle’s stock has struggled, losing nearly a third of its value in five years.

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