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Nestlé Fires CEO Laurent Freixe Over Affair with Junior Colleague

AsianFin -- Nestlé has dismissed Chief Executive Laurent Freixe with immediate effect following the revelation of a romantic relationship with a direct subordinate.

The Swiss consumer goods giant said a boardroom investigation concluded that Freixe, 63, had engaged in an “undisclosed romantic relationship” with a junior colleague.

Freixe, who joined Nestlé 40 years ago, had been appointed CEO just last September to help stabilize the company after a series of scandals.

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