By John Revill

ZURICH (Reuters) -Nestle investors were pitched back into choppy waters on Tuesday after the Swiss food giant changed its CEO for the second time in a year, ousting boss Laurent Freixe over an affair he had with a subordinate.

Freixe’s sudden replacement by Philipp Navratil, a rising star of the company, is the latest setback to hit the maker of Nescafe coffee and KitKat chocolate bars, which has been struggling to turn around a sustained slide in its share price after an uneven performance since the pandemic.

The dismissal of Freixe follows an investigation into an undisclosed romantic relationship with a direct subordinate which breached Nestle’s Code of Business Conduct, Nestle said late on Monday.

His abrupt removal comes a year after predecessor Mark Schneider sudde

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