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International Business Times UK
International Business Times UK
Giuliano de Leon

Nestlé CEO Laurent Freixe Fired Over Relationship Scandal — Meet His Successor Philipp Navratil

Laurent Freixe Philipp Navratil Nestle Nestlé Paul Bulcke Andy Byron
A photo of Laurent Freixe and a picture of Nestle's new CEO, Philipp Navratil (Credit: IBT)

Nestlé stunned the business world on Monday by abruptly firing its CEO Laurent Freixe, just one year after he took the helm of the Swiss food giant.

The dismissal followed an internal investigation that uncovered an undisclosed romantic relationship with a direct employee, a clear breach of the company's strict Code of Business Conduct.

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