Workplace Relationship Cited as Cause for Sudden Leadership Shake-Up
Vevey, Switzerland — Global food and beverage giant Nestlé has abruptly dismissed its Chief Executive Officer, Laurent Freixe, after less than a year in the top role, citing a workplace relationship as the cause of his departure.
The company confirmed the move in a statement released Friday, emphasizing that its decision stemmed from a violation of internal policies related to workplace conduct. While Nestlé did not disclose further details, it reaffirmed its commitment to upholding ethical standards at all levels of the organization.
Freixe, a longtime Nestlé executive who had previously overseen the company’s operations in Latin America and other key markets, was appointed CEO with the expectation of steering the group through shifting consumer trends and heightened global competition. His unexpected dismissal leaves a leadership gap at a critical juncture for the multinational.
Nestlé said an interim leadership team has been established while the board begins its search for a new CEO. Industry observers note the sudden change could unsettle investors and employees alike, though the company stressed that its long-term strategy and growth plans remain on track.
The incident underscores broader corporate challenges around workplace relationships and governance, as global firms strive to balance transparency, accountability, and leadership stability.