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International Business Times

Business

HISTORICAL FACTS: Nestle ceo switch a chance to reset experts - Caught on Camera

Nestle Philipp Navratil Laurent Freixe Nespresso

Nestle's headquarters is in Vevey on the shores of Lake Geneva in western Switzerland (Credit: AFP)

Nestle's sudden sacking of its chief executive over an office relationship gives the Swiss food giant a chance to reset and return to its strengths, industry analysts said Tuesday.

The multinational behind Nespresso coffee capsules and KitKat chocolate bars announced late Monday it had dismissed Laurent Freixe with immediate effect over an "undisclosed romantic relationship with a direct subordinate".

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