Nestlé Fires CEO Laurent Freixe, Names Nespresso's Philipp Navratil CEO
CONFIRMED88% CONFIDENCEStated as firm: Nestlé's ad hoc release, Vevey 1 September 2025, announces Navratil's appointment "following the dismissal of Laurent Freixe with immediate effect"; GlobeNewswire's[1] copy is stamped "September 01, 2025 13:00 ET" (17:00 UTC, 19:00 in Vevey).
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.
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