Nestle Ousts CEO Laurent Freixe Over Secret Relationship

Nestle SA ousted CEO Laurent Freixe after a year over an undisclosed romance with a subordinate, appointing Philipp Navratil as successor. The probe, led by Chairman Paul Bulcke, stressed governance values. Freixe, who replaced Mark Schneider, pursued growth strategies. Navratil, a 20-yr veteran, vowed to advance Nestle’s strategic direction and performance.