The head of the Swiss food giant Nestlé has been sacked after an office affair.
The 63-year-old veteran, Laurent Freixe, spent nearly four decades at the company and took the top job only a year ago.
He was found to have had an undisclosed romantic relationship with a direct subordinate which is clear misconduct under Nestlé’s Code of Business Conduct.
The board say the decision was “necessary” to uphold the company’s values.
Nestlé has already named a successor: Philipp Navratil aged 48, a Swiss national who rose through the ranks since 2001 and most recently led Nespresso.
He takes over immediately.
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