Key Facts
• September 1, 2025: Nestlé announced the dismissal of CEO Laurent Freixe.
• Reason: Failure to disclose a romantic relationship with a subordinate.
• Freixe served as CEO for one year before being replaced.
• Successor: Philippe Nabetil, former head of the Nespresso division, appointed the same day.
• Context: Nestlé faces challenges from tough consumer markets and U.S. tariffs.
• Investigation: Found Freixe violated the company’s code of conduct.
• Chairman Paul Bulcke stated the decision was necessary to uphold Nestlé’s values.
Summary
Nestlé dismissed CEO Laurent Freixe on September 1, 2025, citing his failure to disclose a romantic relationship with a subordinate, which violated the company’s code of conduct. Freixe’s tenure lasted just one year. Philippe Nabetil, previously leading the Nespresso division, was appointed as his successor on the same day. The leadership change comes amid a challenging environment for Nestlé, including tough consumer markets and U.S. tariffs. Chairman Paul Bulcke emphasized the importance of maintaining the company’s values and governance in making this decision.
