Leadership Crisis Rocks Nestlé as CEO and Chair Exit

Swiss food giant faces unprecedented leadership vacuum following scandal involving undisclosed relationship

Nestlé faced a dual leadership crisis with both CEO and Chair departing
CEO Laurent Freixe was involved in an undisclosed relationship with a direct report
Paul Bulcke announced his early departure as Chair
Philipp Navratil (Nespresso boss) named as new CEO and Pablo Isla (former Inditex head) as new Chair

277,000

Nestlé employees worldwide

Countries with Nestlé factories

CHF70

Current share price

"Nestlé is a symbol. It is a Swiss symbol. That explains some of the shock"
— Arturo Bris, director of the IMD World Competitiveness Centre

"He tried to sound cheerful, like it was not all a big deal"
— Anonymous employee

Leadership Crisis Erupts

Nestlé faced a dual leadership crisis with both CEO and Chair departing
CEO Laurent Freixe was involved in an undisclosed relationship with a direct report
Paul Bulcke announced his early departure as Chair
Philipp Navratil (Nespresso boss) named as new CEO and Pablo Isla (former Inditex head) as new Chair