Nestle SA

NESN: XSWX (CHE)
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Nestlé: Another Leadership Shakeup to Test Investor Patience

Nestlé announced the dismissal of CEO Laurent Freixe and appointment of Philipp Navratil, executive VP and CEO of Nespresso, as companywide CEO. Freixe had been CEO for only one year and was dismissed following an investigation into an undisclosed romantic relationship with a subordinate.

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