NEW YORK (Kashmir English): Nestle has dismissed its chief executive, Laurent Freixe, over an undisclosed relationship with a subordinate.
The Swiss multinational conglomerate and the world’s largest food company in a news release issued in Zurich said that the officer was found of breaching the company’s code of conduct.
Freixe will be replaced by a longtime Nestlé executive, Philipp Navratil, it added.
The company said that Freixe’s dismissal followed an investigation into a romantic relationship he had with a direct subordinate.
Nestle Pakistan
In Pakistan, Nestle has offices and factories spread all over the country, with head office in Lahore.
The release said Freixe’s investigation was overseen by the company’s chairman, Paul Bulcke, with an outside director and counsel.
“This was a necessary decision,” Bulcke said in a statement. “Nestle’s values and governance are strong foundations of our company. I thank Laurent for his years of service at Nestle.”
Navratil, who replaces Freixe effective immediately, was previously senior vice president and head of the company’s Coffee Strategic Business Unit, overseeing global strategy for the Nescafé and Starbucks brands.
He began his career at Nestlé as an internal auditor in 2001, and was named country manager for Nestlé Honduras in 2009.
