Boss of Nestle abruptly sacked after workplace romance investigation

1 week ago 9

Rommie Analytics

The world's biggest food and drink company has ousted its second CEO in just over a year. On Monday, Nestlé dismissed its CEO, Laurent Freixe, following an investigation into a breach of its code of conduct. Freixe's dismissal comes as the company — which sells Gerber baby food, Purina pet meals, Nescafé coffee pods, and KitKat sweets — has lagged competitors in sales growth. The company's Chairman, Paul Bulcke, and Lead Independent Director, Pablo Isla, led the investigation. Their findings allege Freixe entered into an undisclosed romantic relationship with a direct subordinate, which breached the company's code of business conduct....
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