Nestle CEO Laurent Freixe was fired abruptly, just one year into his tenure, following an investigation that confirmed an undisclosed romantic relationship

Nestle CEO Laurent Freixe was fired abruptly, just one year into his tenure, following an investigation that confirmed an undisclosed romantic relationship

Nestle CEO Laurent Freixe was fired abruptly, just one year into his tenure, following an investigation that confirmed an undisclosed romantic relationship

Nestle CEO Laurent Freix was sacked abruptly after he failed to disclose a romantic relationship with a subordinate.

He was fired just a year after he took over as the CEO of the company.

According to a Reuters report, concerns about a possible relationship between Freixe and a direct subordinate first emerged through an internal company hotline.

Following this, the board of directors of the company immediately launched a probe, overseen by chairman Paul Bulcke and lead independent director Pablo Isla.

The probe was inconclusive, but the concerns about the affairs persisted, forcing the company to launch another investigation.

The probe, by an external agency, was once again overseen by Bulcke and Isla. It confirmed the romantic relationship.

"The departure of Laurent Freixe follows an investigation into an undisclosed romantic relationship with a direct subordinate which breached Nestle's code of business conduct," the company said in a statement, calling his departure a "necessary decision."

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