The leadership change came after internal complaints triggered two investigations—one inconclusive, the other confirming the undisclosed relationship, which violated Nestlé’s code of business conduct.
Freixe’s dismissal was effective immediately, and notably, the company confirmed there will be no exit package.
Philipp Navratil, a Nestlé veteran since 2001 who most recently ran Nespresso, is stepping into the CEO role to steady the ship.
Why This Matters
Governance spotlight: The board, led by Chairman Paul Bulcke and independent director Pablo Isla, emphasized the move was essential to protect Nestlé’s values and corporate integrity.
Strategic continuity: Despite the sudden change, the company assured stakeholders that its strategy remains unchanged, with renewed focus on efficiency and performance.
Investor nerves: Freixe’s departure adds to recent turbulence—after a sluggish sales period, cost challenges, and CEO turnover, Nestlé faces a critical moment of clarity or chaos.
Leadership on Recall
In corporate life, values aren’t just nice to have—they’re non-negotiable. Nestlé’s swift course correction reminds us: when leadership ethics falter, what follows determines your legacy.
