Nestle, the world’s largest food and drink company, ousted its second CEO in about a year. Laurent Freixe was fired for allegedly having an undisclosed romantic relationship with a subordinate. Freixe took over as CEO last September after Nestle axed Mark Schneider. “Nestlé’s Board of Directors today announces that Philipp Navratil has been appointed as CEO of Nestlé, S.A., following the dismissal of Laurent Freixe with immediate effect,” the company said in a statement. “The departure of Laurent Freixe follows an investigation into an undisclosed romantic relationship with a direct subordinate which breached Nestlé’s Code of Business Conduct. In line with best practice corporate governance, the Board ordered an investigation overseen by Chairman Paul Bulcke and Lead Independent Director, Pablo Isla, with the support of…
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