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Switzerland-based food company Nestlé said it fired its CEO, Laurent Freixe, following an investigation that he allegedly had an "undisclosed romantic relationship" with a subordinate

Freixe had served as CEO since last year

The company said Philipp Navratil has taken over the role as Nestlé's CEO

Nestlé dismissed its CEO following an investigation that he allegedly had an “undisclosed romantic relationship” with a subordinate.

The Switzerland-based food company’s board of directors made the announcement on Monday, Sept. 1, noting that Laurent Freixe's departure immediately went into effect.

Freixe served as Nestlé’s CEO last year, according to his company bio . He had been with the corporation for almost 40 years, starting with Nestlé France's sales and marketing di

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