Nestle fires boss after romantic relationship with employee

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Pritti MistryBusiness Reporter, BBC News

Getty Images Former Nestle chief executive Laurent Freixe speaking at an investor meeting. He has short grey hair and rimless spectacles on his face. He is wearing a black suit with a pink tie.Getty Images

Nestle has fired its chief executive after just one year in the job because he failed to disclose a "romantic relationship" with a "direct subordinate"

The Swiss food giant, which makes Kit Kat chocolate bars and Nespresso coffee capsules, said Laurent Freixe has been dimissed with "immediate effect" following an investigation led by Nestle's chair and lead independent director.

The BBC understands the inquiry was triggered by a report made through the company's whistleblowing channel.

Nestle chair Paul Bulcke, said: "This was a necessary decision. Nestlé's values and governance are strong foundations of our company. I thank Laurent for his years of service at Nestlé."

The relationship was with an employee who is not on the executive board and the investigation began because it represented a conflict of interest, the BBC has learned.

Mr Freixe had been with Nestle for nearly 40 years but stepped up to the global chief executive role last September.

Philipp Navratil has been appointed as Mr Freixe's successor.

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