Pins matching tag:"Laurent Freixe"

Nestlé's first-half organic growth was 2.9%, almost all of it from pricing with real internal growth of just 0.2%, while reported sales fell 1.8% to CHF 44.2 billion on the strong franc. CEO Laurent Freixe kept 2025 guidance, including an underlying trading margin at or above 16.0%.

Nestlé's board dismissed Laurent Freixe with immediate effect after an investigation found an undisclosed romantic relationship with a direct subordinate, one year into his tenure. Nespresso chief Philipp Navratil, a Nestlé lifer who joined as an internal auditor in 2001, took over as CEO.