Nestle 's abrupt axing of its CEO has been billed as a "shock" and an "emergency" by analysts, who are bracing for more pressure on the company's stock in the aftermath. The Swiss consumer staples giant on Monday announced that it had terminated CEO Laurent Freixe with immediate effect, following an internal investigation into an undisclosed romantic relationship between him and a direct subordinate that breached company rules. Shares of Nestle were 3.1% lower by 8:21 a.m. in London (3:21 a.m. ET) on Tuesday as investors reacted to the news, which was announced after trading hours the previous day. Freixe has been replaced with veteran Philipp Navratil, who had been serving as CEO of Nestle's Nespresso business. A Nestle spokesperson said in an emailed statement on Tuesday that Pablo Isla,

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