Former Nestle CEO Laurent Freixe was dismissed on Monday following a board meeting and will not receive an exit package.
Nestle NSRGY staff complained in May about improper favouritism by former CEO Laurent Freixe towards an employee with whom they alleged he was romantically involved, a senior executive said on Wednesday, two days after Freixe was sacked.
Freixe was fired due to an undisclosed relationship with a subordinate, exactly a year after he replaced Mark Schneider, plunging the Swiss food giant into turmoil.
Chief Financial Officer Anna Manz said the relationship between Freixe and the employee, who has not been named, was first examined in an internal investigation following concerns raised via Nestle’s internal reporting system, called Speak Up.
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