Fired Nestl CEO Laurent Freixe caught cheating on mistress with subordinate in Swiss hotel: report

Former Nestlé CEO Laurent Freixe was fired after a senior executive said to be his mistress allegedly caught him in a Zurich hotel with a subordinate — and then filed a complaint through the company’s anonymous hotline that triggered an internal investigation, according to an explosive report.Freixe, the 63-year-old Frenchman who was shown the door earlier this week, was canned after a company investigation revealed that he had been carrying on a romance with an underling — a senior marketing executive who left the company earlier this year.But a new report claims that the now-former company chief had previously been involved with another subordinate known as his “official” mistress who caught him and his lover in the act.The Zurich-based financial news site Inside Paradeplatz reported that the confrontation set off a chain reaction inside the world’s biggest food company.Nestlé Chairman Paul Bulcke and vice chair Pablo Isla reportedly humiliated Freixe in person after learning of the affair — telling him he was out “effective immediately” and, according to the outlet, ordering him to hand over his phone while calling him a “liar.”According to the site, the “main mistress” received a severance package as a result of the complaint.The woman, who has not been named, recently moved to a high position at another large company, the report claimed.

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The other subordinate involved with Freixe also departed the firm and was given a large severance package that was arranged by the fired CEO, according to the site.“Everything that needs to be said on the matter has been said, and I will not engage in further wild conjectures and speculation,” a company spokesperson told the site when asked for comment.The...