10:37:37 EST Mon 19 Jan 2026
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Nestle CDR (CAD Hedged)
Symbol NEST
Shares Issued 120,000
Close 2025-09-08 C$ 10.20
Market Cap C$ 1,224,000
Recent Sedar+ Documents

Globe says Nestle CEO fired over unfitting relationship

2025-09-08 07:05 ET - In the News

The Globe and Mail reports in its Monday, Sept. 8, edition that the removal of Laurent Freixe from his position as chief executive officer of Nestle due to an inappropriate relationship with a subordinate highlights the progress and ongoing challenges in managing workplace conduct. The Globe's guest columnist Gus Carlson writes that employee complaints through the internal hotline, Speak Up, revealed the issue despite Nestle initially denying it. This led to an investigation resulting in Mr. Freixe's dismissal, reinforcing the importance of holding leaders to high standards. Nestle emphasized its commitment to strong values, expecting all employees, including senior leadership, to uphold them. The behaviour of Mr. Freixe and other recently dismissed CEOs highlights a concerning tendency among some executives to ignore stricter workplace standards regarding personal relationships. In doing so, they put significant financial stakes and their roles as ethical leaders at risk, sending a message to stakeholders, especially employees, that they are above the rules they impose and enforce. While Nestle has not revealed how much of Mr. Freixe's wealth it may claw back, the precedent in such cases is not in his favour.

© 2026 Canjex Publishing Ltd. All rights reserved.