<h2 class="topline-heading">Topline</h2><p>Nestlé announced Monday it ousted Laurent Freixe as its chief executive for an “undisclosed romantic relationship” with a subordinate in violation of the company’s policies, naming Nespresso CEO Philipp Navratil as his successor effective immediately. </p><figure class="embed-base image-embed embed-0" role="presentation"><div class="image-embed__placeholder"><img src="https://specials-images.forbesimg.com/imageserve/68b5e215ef94d6ee57433909/SWITZERLAND-DAVOS-POLITICS-ECONOMY/960x0.jpg?cropX1=0&amp;cropX2=1921&amp;cropY1=35&amp;cropY2=1116" alt="SWITZERLAND-DAVOS-POLITICS-ECONOMY" width="100%" height="auto"></div><div style="--article-bg-color:#faf3f1"><div class="bMqrj"><div class="Jp--BF7-"><span style="-webkit-line-clamp:2" class="Ccg9Ib-7 _8XF2kHYM">Laurent Freixe was ousted as Nestlé's CEO on Monday. (Photo by FABRICE COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images)</span></div><small class="pGGCM2aD">AFP via Getty Images</small></div></div></figure>

<div class="key-facts-element"><p><em>This is a developing story. Check back for updates.</em></p></div>

Philipp Navratil, chief executive of Nestlé Nespresso, was named Freixe’s successor, effective immediately.{ai:summary}<p>Nestlé ousted CEO Laurent Freixe for an undisclosed romantic relationship with a subordinate, violating policies. Nespresso chief Philipp Navratil is named his successor, effective immediately. #economy</p>

Nestlé Fires CEO Because Of Undisclosed Relationship With Direct Report

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