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.