Nestle sacks CEO Freixe over undisclosed relationship with subordinate
Servicii bancare
ZURICH: Nestle has abruptly dismissed its CEO Laurent Freixe, for failing to disclose a romantic relationship with a subordinate, the Swiss food giant said on Monday (Sep 1), a dramatic removal exactly a year after he took the reins. The maker of products ranging from KitKat to Nesquik said that it had appointed veteran insider Philipp Navratil, who had headed the Nespresso coffee unit, as Freixe's successor with immediate effect. The shock departure threatens more volatility for Nestle amid a
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