Laurent Freixe, Ex-Ceo da Nestlé
Nestlé announced the resignation of its CEO, Laurent Freixe, after discovering that it did not reveal a romantic relationship with a direct subordinate, in violation of the company’s internal rules.
The Nespresso CEO, Philipp navratilis the new CEO of Nestlé, announced the Swiss company in a statement.
Navratil Substituz No Cargo Laurent Freixewhich was fired on Monday due to a “violation of corporate policy on relationships in the workplace.”
The so far CEO of Nestlé kept a unlavoded romantic relationship With a direct subordinate, which will have led to his resignation, says the.
Central figure of the Swiss giant of feeding and beverages for four decades, Freixe had taken office just a year agowith the mission of relaunching growth After a period of poor performance under the leadership of its predecessor, Mark Schneider.
According to a statement from the multinational based in Switzerland, the chairman of the Board of Directors, Paul Bulckee Pablo Islaindependent member of the Council and former CEO of Zara, supervised an internal investigation to the casewith the support of external legal advice.
Bulcke classified the dismissal as a necessary decision and representative of Nestlé’s standards, thanking Freixe the years of service. “It was a necessary decision. Nestlé’s values and governance are foundation company solids. I thank Laurent for your years of dedication to Nestlé. ”
The case arises in a critical moment for the company. I am During the pandemia, nestle benefited a strong increase in demandwith consumers storing basic home products. However, this dynamism was broken.
In July, the company reported a 1.8% drop in saleThe first semester to 44.2 billion Swiss francs (about 47 billion euros), reflecting a weaker demand. Yours shares lost almost 40% of its value from the peak registered at the beginning of 2022.
When he took the lead last August, Freixe made it clear that his priority was to recount Nestlé in its areas of greater strength – Coffee, animal food and food products – instead of continuing a diversification strategy.
In an interview with in May, Freixe criticized the bet its predecessor in expansion to health supplements and other new categories, claiming that this would have “weakened the fabric of the organization.”
Schneider had just been the second external CEO in Nestlé’s 159th anniversary history. In counterpoint, Freixe was presented as “Insider” par excellence – A nearly 40 -year -old veteran who was rising in the hierarchy with passages through Hungary, Spain and Latin America.
At the Financial Times, he stated that what distinguished him was the “intimate” knowledge of the company’s internal operation. “That’s why, and maybe for my style, I’m very close to people, which is a great advantage,” he said at the time.
Nestlé chose now Another longtime picture As your successor, note the insider. In a statement, the chairman of the council highlighted Navratil’s ability to obtain results and his “collaborative” style. “Let’s not change the strategy,” wrote Bulcke, “nor lose pace in performance”.
