New details of how sex-crazed married CEO's affair with much younger female underling caused chaos at iconic chocolate maker and destroyed career of American executive
Laurent Freixe, 63, had been the CEO of Nestle for just 12 months when he was suddenly ousted on September 1, after his own mistress allegedly called him out.
Juicy new details about how the world's biggest food company crumbled after its married CEO was caught having an affair with a female underling have been revealed.
Laurent Freixe, 63, had been the CEO of Nestle for just 12 months when he was suddenly ousted on September 1, after his own mistress allegedly called him out.
Freixe's main offense was having an undisclosed relationship with the younger female underling while promoting her to premier positions and boosting her pay.
Though the mistress has not been named, their relationship was an open secret at the iconic chocolate brand, and there was widespread discontent among employees.
Amid the internal chaos, Nestle saw its share prices tumble by more than 20 percent, as debt levels ballooned and sales growth stalled.
Now, new details have been revealed about Freixe's spectacular rise and fall and how his antics threatened Nestle's position as one of the world's leading chocolatiers.
Paris-born Freixe is reportedly married to a high-flying director, Agata Balcerowska, and he has two children from a previous marriage, according to the Times of London.
Freixe worked his way through the ranks at Nestle over the course of 25 years - receiving praise for growing the Swiss company's coffee division, Nescafe Dolce Gusto, to rake in billions in annual revenue as the Head of Europe in the noughties.
Juicy new details about how the world's biggest food company crumbled under the weight of a scandalous office relationship have been revealed. Laurent Freixe (pictured), 63, had been the CEO of Nestle 12 months when he was suddenly ousted on September 1 this year
Paris-born Freixe is reportedly married to a high-flying director, Agata Balcerowska (pictured), and he worked his way through the ranks at Nestle over the course of 25 years
Freixe helped grow the Swiss company's coffee division, Nescafe Dolce Gusto, to rake in billions in annual revenue as the Head of Europe during the noughties
But he ultimately orchestrated his own downfall when he began dipping his pen in the proverbial company ink.
Freixe's house of cards came tumbling down when his longtime mistress reportedly caught him with another employee in a Zurich hotel room and filed a complaint that triggered a rapid internal investigation.