Nestle sacks CEO after only one year for having an affair with employee

Swiss food giant Nestlé has fired CEO Laurent Freixe after an investigation revealed an undisclosed romantic relationship with an employee, violating company conduct policies. Freixe, who served only a year in the role, will be replaced by Philipp Navratil, a long-time company veteran, as Nestlé navigates rising commodity costs and other challenges.

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