Nestlé fires CEO Laurent Freixe over misconduct, appoints Philipp Navratil as new leader.

Nestlé dismissed CEO Laurent Freixe due to a breach of the company's code of conduct involving an undisclosed romantic relationship with a subordinate. Philipp Navratil, a longtime Nestlé executive who previously led Nespresso, has been appointed as the new CEO. Navratil will focus on driving growth and maintaining the company's strategic direction.