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The Latest Breaking News from Philipp Navratil

Nestle in talks to sell ice cream arm as formula recall squeezes profits

Nestle reported a 75 million Swiss franc (£71.9 million) impact to the underlying profits due to the hit by baby formula recalls on its sales.

The Independent UK

Nestlé’s CEO drinks 8 coffees a day, but says Gen Z staffers are his secret to staying sharp by ‘learning constantly’

In his company’s turnaround effort, Nestlé CEO Philipp Navratil is drinking twice as much coffee as the average American—while admitting it’s Gen Z workers who keep him intellectually alert.

Fortune

Nestlé Mass Layoffs: 16K Jobs Vanish as Analysts Hail Fuel to Turnaround Fire

New Nestlé CEO slashes 16,000 jobs in a massive cost-saving plan to revive the company after a period of turmoil and slumping sales.

International Business Times UK

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Nestlé is laying off over 16,000 employees under its new CEO—and says a key motivator is 'automation'

"This initiative is focused on transforming our ways of working," a company spokesperson told Fortune.

Fortune

Nestlé cuts 16,000 jobs as part of an intensifying cost-cutting campaign

Nestlé is cutting 16,000 globally as the Swiss food giant looks to trim costs and continue with its turnaround efforts

The Independent UK

Nestlé to cut 16,000 jobs worldwide in major restructuring move

Nestlé is cutting 16,000 jobs globally to streamline operations, focus on high-return products, and shore up profitability under new CEO Philipp Navratil.

Euronews

Nestle To Cut 16,000 Jobs Worldwide

Nestle, the Swiss food giant whose brands include Nespresso coffee and Perrier water, announced Thursday plans to cut 16,000 jobs worldwide over the next two years, sending its share price soaring.

International Business Times

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Nestlé to axe 16,000 jobs as new chief targets sales growth

Almost 6% of global workforce will be cut over next two years, including 12,000 white-collar professionals

The Guardian - UK

Nestlé chairman to step down after recent shock dismissal of CEO

The decision comes after shareholders criticised the chairman's handling of a scandal involving the firm’s CEO. Laurent Freixe was fired earlier this month after an investigation found he had failed to disclose a romantic relationship with a subordinate.

Euronews

How Many Mistresses Does Ex-Nestlé CEO Have? Shocking New Twist Behind His Termination Drops Jaws

Ex-Nestlé CEO Laurent Freixe was abruptly dismissed after an undisclosed affair with a subordinate was exposed by his 'official mistress' in a Zurich hotel, provoking a storm of corporate governance and workplace ethics questions.

International Business Times UK

Nestlé Chief Ousted After 'Affair With Colleague' — Proof Europe Is Now Playing by America's Corporate Rules

Nestlé has dismissed CEO Laurent Freixe after an investigation found he concealed a romantic relationship with a subordinate—marking a rare instance of swift action in European corporate governance.

International Business Times UK

More details emerge about Nestlé CEO’s ‘inappropriate relationship’ with employee

Laurent Freixe was accused of improper favoritism months before he was fired

The Independent UK

New Nestlé CEO joined the company straight out of college—like Mary Barra and Doug McMillon, he climbed all the way to the top at a single company

Philipp Navratil joins Fortune 500 leaders in proving that playing the long game up the same corporate ladder can pay off.

Fortune

Nestle CEO Switch A Chance To Reset: Experts

Nestle's sudden sacking of its chief executive over an office relationship gives the Swiss food giant a chance to reset and return to its strengths, industry analysts said Tuesday.

International Business Times

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International Business Times UK

From The Boardroom To Bedroom: Laurent Freixe, Andy Byron, And 5 Other CEO's Who've Lost Their Jobs Due To Affairs

Scandals that shook the C-suite: 7 CEOs, including Laurent Freixe and Andy Byron, lost their jobs over affairs. Here's what led to their downfall.

International Business Times UK

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

Nestle CEO Laurent Freixe was immediately fired after his 'inappropriate relationship' with a direct employee was discovered. Philipp Navratil replaced him as the Swiss food giant's new leader. But, who is he?

Benzinga

Nestle Suddenly Fires CEO Over Romantic Relationship With Employee

On Monday, Nestlé unexpectedly removed its CEO, Laurent Freixe, after he failed to disclose a romantic involvement with an employee who reported directly to him.

International Business Times UK

Who is Nestlé CEO Laurent Freixe's Wife? Name, Profession and Scandal Aftermath

After nearly four decades at the company, Freixe's exit was triggered by an internal investigation into a relationship with a subordinate, which was a breach of corporate conduct that ended his brief tenure as CEO.

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news in one place.

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International Business Times UK

Nestle CEO Laurent Freixe's Removal Explained: Is the Identity of His Subordinate Revealed?

Nestle CEO Laurent Freixe was ousted over an undisclosed affair. Details on his removal, the subordinate speculation, and Nestlé's leadership change.

International Business Times

Nestle Sacks CEO Over Office Relationship

Swiss food giant Nestle on Monday dismissed Laurent Freixe as chief executive with immediate effect over an "undisclosed romantic relationship with a direct subordinate".

The Guardian - UK

Nestlé sacks CEO over ‘undisclosed romantic relationship’

Swiss multinational finds Laurent Freixe breached code of conduct as it names Philipp Navratil as his replacement

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