Leadership Turmoil Reaches Critical Point at Nestlé

The world’s largest food company is confronting its most severe leadership crisis in decades. Nestlé has now lost its second Chief Executive Officer within a twelve-month period, with the latest departure triggered by a concealed relationship with a subordinate. As the board turns to the head of its Nespresso division to steer the company forward, major investors are demanding sweeping strategic changes. The central question remains whether this new appointment can successfully navigate the corporation through its current challenges.

An internal probe confirmed that Laurent Freixe engaged in a romantic relationship with a direct report and provided her with inappropriate professional advantages, leading to his immediate dismissal on Tuesday. Compounding the severity of the situation, the French executive had Read more...