The Online Kenyan Logo

The Online Kenyan

HomeTop StoriesLive TVVideosPoliticsBusinessSportsTechEntertainment
HomeTop StoriesLive TVVideos
PoliticsBusinessSportsTechEntertainment

Footer

The Online Kenyan Logo

The Online Kenyan

News & Breaking Headlines

news@theonlinekenyan.com
+254 758 277 017

Follow Us

Explore

DailiesWeekliesTopicsVideosHow to file 2024 KRA Returns

Legal

  • Privacy Policy
  • Terms of Use
  • AI Content Policy

© 2026 The OK Company. All rights reserved.

Made within Kenya
HomeDaily NewsTuesday, September 2, 2025Leadership Changes at Nestlé, TotalEnergies Kenya and African Development Bank - September 2025
Business & Economy3 stories from 2 sources

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.

Listen to this coverage3 min

Read aloud by your device

CCapital BusinessTThe Kenyan Wall StreetFirst

News Coverage

Tuesday 9:11 PMCapital Business

Nestle fires boss after romantic relationship with employee

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.

Read Story

Key Highlights

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.

  • Laurent Freixe had been with Nestle for nearly 40 years, serving as global chief executive since September of last year.
  • The inquiry was led by Nestle’s chair, Paul Bulcke, and lead independent director, Pablo Isla, with external counsel.
  • Nestle confirmed that Mr. Freixe will not receive an exit package, and Philipp Navratil has been appointed as his successor.
Tuesday 11:41 AMThe Kenyan Wall StreetFirst

Sidi Ould Tah Succeeds Dr. Adesina as President of the African Development Bank

Sidi Ould Tah Succeeds Dr. Adesina as President of the African Development Bank

Dr. Sidi Ould Tah has been sworn in as the ninth President of the African Development Bank Group (AfDB), succeeding Dr. Akinwumi A. Adesina. A Mauritanian national, Dr. Ould Tah, aged 60, was elected on May 29, 2025, with an unprecedented 76% of shareholder votes, marking the highest margin for a first-term president in the Bank’s history.

Read Story
Tuesday 2:37 PMCapital Business

TotalEnergies Kenya Names Biova Agboutou as Board Chair

TotalEnergies Kenya Names Biova Agboutou as Board Chair

TotalEnergies Marketing Kenya has announced the appointment of 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.

Read Story

Key Highlights

TotalEnergies Marketing Kenya has announced the appointment of 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.

  • Biova Agboutou brings extensive international experience, having held senior positions including LPG Vice President, Marketing and Services in Paris, and Deputy Managing Director of the East African Crude Oil Pipeline Project in Kampala.
  • She also served as Managing Director and Country Chair of TotalEnergies in Madagascar.
  • Agboutou holds a Master of Science from MIT and a Master of Engineering from CentraleSupélec.
Advertisement

More from Tuesday, September 2, 2025

County Governors Reject Treasury Directive on E-Procurement System - September 2025
Video News3 stories

County Governors Reject Treasury Directive on E-Procurement System - September 2025

K
C
KTN News (Youtube), Citizen TV (Youtube)
Education and Legal Bodies Announce Deadlines and Directives - September 2025
Breaking News & Top Stories4 stories

Education and Legal Bodies Announce Deadlines and Directives - September 2025

K
Kenyans
Gold Price Hits Record High as BYD Shares Plunge Amid EV Price War - September 2025
Business & Economy3 stories

Gold Price Hits Record High as BYD Shares Plunge Amid EV Price War - September 2025

C
Capital Business
Advertisement

More Stories

County Governors Reject Treasury Directive on E-Procurement System - September 2025
Video News3 stories

County Governors Reject Treasury Directive on E-Procurement System - September 2025

K
C
KTN News (Youtube), Citizen TV (Youtube)
Education and Legal Bodies Announce Deadlines and Directives - September 2025
Breaking News & Top Stories4 stories

Education and Legal Bodies Announce Deadlines and Directives - September 2025

K
Kenyans
Gold Price Hits Record High as BYD Shares Plunge Amid EV Price War - September 2025
Business & Economy3 stories

Gold Price Hits Record High as BYD Shares Plunge Amid EV Price War - September 2025

C
Capital Business
Advertisement

Key Highlights

Dr. Sidi Ould Tah has been sworn in as the ninth President of the African Development Bank Group (AfDB), succeeding Dr. Akinwumi A. Adesina. A Mauritanian national, Dr. Ould Tah, aged 60, was elected on May 29, 2025, with an unprecedented 76% of shareholder votes, marking the highest margin for a first-term president in the Bank’s history.

  • Dr. Ould Tah previously oversaw expansion at the Arab Bank for Economic Development in Africa (BADEA), with assets growing from $4 billion to nearly $7 billion, and the institution achieved AA+/AAA credit ratings.
  • He outlined his Four Cardinal Points for his presidency: listening intently, launching a fast-track reform agenda, deepening partnerships, and accelerating real solutions.
  • Dr. Tah served as Minister of Economy and Finance of Mauritania between 2008 and 2015, and as Mauritania’s Governor on the Boards of the African Development Bank, World Bank, and Islamic Development Bank.