Nestlé Ousts CEO Laurent Freixe Due to Concealed Romantic Involvement

The leading global food and beverage corporation, Nestlé, has announced the departure of its CEO, Laurent Freixe. The dismissal comes in the wake of revelations that Freixe did not disclose a romantic association with a direct report, breaching company protocols.

Taking over Freixe's position will be Philipp Navratil, previously at the helm of Nestlé Nespresso.

With a legacy stretching 40 years within Nestlé, Freixe was appointed to the chief executive role just over a year ago. His leadership was intended to rejuvenate expansion after a period of muted progress under the former CEO, Mark Schneider.

Business Insider has attempted to contact Freixe for his comments on the dismissal.