Nestlé says it has dismissed its chief executive, Laurent Freixe, after uncovering that he failed to disclose a romantic relationship with a direct subordinate in a violation of corporate policy. Freixe will be succeeded by Philipp Navratil, who was previously chief executive of Nestlé Nespresso. Freixe, a four-decade fixture of the Swiss food and beverage giant, was tapped for the …
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Nestle dismisses CEO Laurent Freixe after code of conduct breach
Facebook Tweet Email Link Reuters — Nestle has dismissed its CEO, Laurent Freixe, after a code of conduct breach, the company said on Monday, appointing Philipp Navratil as his successor. Nestle said Freixe’s departure follows an investigation overseen by Chairman Paul Bulcke and Lead Independent Director Pablo Isla into an undisclosed romantic relationship with a direct subordinate, which breached the …
Read More »Laurent Mekies on the pressure of taking over Red Bull, the mission at hand and why they need Max Verstappen’s ‘magic’
As big jobs in sport go, Laurent Mekies now has one of the biggest after taking over as boss of six-time Teams’ Championship winners Red Bull. The Frenchman is only the second person to lead the team in their 20-year history and takes the helm at a time when they are struggling to deliver performance. Mekies, an engineer by trade, …
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