The Next Palantir Moment Could Be Here

A $21M market cap company is landing multimillion-dollar contracts with banks and governments. With only 9.7M shares in the float, scarcity could spark explosive moves.

Nestlé dismisses CEO due to an inappropriate relationship with a subordinate

The Associated Press
September 01, 2025

Swiss food giant Nestlé said Monday it dismissed its CEO Laurent Freixe due to an inappropriate relationship with a subordinate.

The maker of Nescafé drinks and Purina pet food said in a statement the dismissal was effective immediately. An investigation found the undisclosed romantic relationship with a direct subordinate violated Nestlé's code of conduct.

Freixe, who had been CEO for a year, will be replaced by Philipp Navratil, a longtime Nestlé executive.

"This was a necessary decision," said Chairman Paul Bulcke. "Nestlé's values and governance are strong foundations of our company."

Navratil started his career with Nestlé in 2001 as an internal auditor and served in a variety of roles in Central America. In 2020, he joined Nestlé's Coffee Strategic Business Unit, and in 2024, he became CEO of Nestlé's Nespresso division.

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