Overview

• Philipp Navratil, a long‑time Nestlé executive and former Nespresso chief, becomes CEO with immediate effect.
• The issue was flagged through the Speak Up channel, an initial inquiry proved inconclusive, and a second review confirmed the relationship after Freixe initially denied it.
• Nestlé told Reuters that Freixe will not receive a severance package following his dismissal.
• Nestlé shares fell as much as roughly 3% in European trading after the news as investors weighed leadership stability.
• The board signaled no change to the company’s strategic direction, with execution under review across units such as vitamins and bottled water.