Leadership Changes at Nestlé, TotalEnergies Kenya and African Development Bank - September 2025

Several major organizations have announced high-level leadership changes. Nestle has dismissed its chief executive, Laurent Freixe, after just one year in the role due to his failure to disclose a “romantic relationship” with a “direct subordinate.” TotalEnergies Marketing Kenya has appointed Biova Agboutou as its new Director and Chairperson of the Board, effective September 1, 2025. She replaces Elodie Luce, who resigned to take on a new role within the TotalEnergies Group. In a separate development, Dr. Sidi Ould Tah has been sworn in as the ninth President of the African Development Bank Group. A Mauritanian national, Dr. Ould Tah succeeds Dr. Akinwumi A. Adesina after being elected with 76% of shareholder votes.

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Tuesday 9:11 PMCapital Business

Nestle fires boss after romantic relationship with employee

Nestle has dismissed its chief executive, Laurent Freixe, after just one year in the role due to his failure to disclose a “romantic relationship” with a “direct subordinate.” The decision followed an investigation triggered by a whistleblowing report.