Nestle will axe 16,000 jobs as it tries to raise sales volumes, new CEO Philipp Navratil said on Thursday, as the world’s largest packaged food company reported better-than-expected sales growth thanks to pricing-led upticks in coffee and confectionery. Navratil, the former head of Nespresso, replaced Laurent Freixe, who was fired in September as chief executive…
Laurent Freixe Nestle CEO Office Romance Scandal:Swiss food giant Nestle has abruptly dismissed CEO Laurent Freixe for failing to disclose a romantic relationship with a subordinate, the company announced on Monday. The dramatic move comes exactly a year after Freixe took charge, marking another bout of turbulence for the world’s largest food company. Freixe, 63,…
Who is Laurent Freixe Nestle CEO: Swiss food giant Nestle announced on Monday that it has dismissed CEO Laurent Freixe with immediate effect after an internal probe confirmed he had engaged in an undisclosed romantic relationship with a direct subordinate. The maker of Nescafe and Purina said the investigation concluded that Freixe’s relationship breached Nestle’s…