REG - Nestle SA Nestle Holdings Inc - Nestlé Board appoints Philipp Navratil as CEO

Nestle SAAnnouncement

01/09/2025 18:15

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RNS Number : 5434X  Nestle SA  01 September 2025

Nestlé press release

 

 

[Ad hoc announcement pursuant to Art. 53 LR]

 

 

Vevey/Switzerland, 1 September 2025

 

 

Nestlé Board appoints Philipp Navratil as CEO following the departure of
Laurent Freixe

 

 

Nestlé's Board of Directors today announces that Philipp Navratil has been
appointed as CEO of Nestlé, S.A., following the dismissal of Laurent Freixe
with immediate effect.

 

The departure of Laurent Freixe follows an investigation into an undisclosed
romantic relationship with a direct subordinate which breached Nestlé's Code
of Business Conduct. In line with best practice corporate governance, the
Board ordered an investigation overseen by Chairman Paul Bulcke and Lead
Independent Director, Pablo Isla, with the support of independent outside
counsel.

 

Paul Bulcke, Chairman, stated: "This was a necessary decision. Nestlé's
values and governance are strong foundations of our company. I thank Laurent
for his years of service at Nestlé."

 

He continued: "I am pleased to announce Philipp Navratil as CEO. Philipp is
recognized for his impressive track record of achieving results in challenging
environments. Renowned for his dynamic presence, he inspires teams and leads
with a collaborative, inclusive management style. The Board is confident that
he will drive our growth plans forward and accelerate efficiency efforts. We
are not changing course on strategy and we will not lose pace on performance."

 

Philipp Navratil began his career with Nestlé in 2001 as an internal auditor.
After holding various commercial roles in Central America, he was appointed
Country Manager for Nestlé Honduras in 2009. In 2013, Philipp Navratil
assumed leadership of the coffee and beverage business in Mexico, where he
played a pivotal role in strengthening the Nescafé brand. In 2020, he
transitioned to Nestlé's Coffee Strategic Business Unit, where he was
responsible for shaping the global strategy and driving innovation for
Nescafé and Starbucks coffee brands. He assumed his position at Nespresso in
July 2024, where he has accelerated growth and built strong momentum. Philipp
Navratil joined the Nestlé Executive Board on January 1, 2025.

 

Philipp Navratil, CEO of Nestlé, added: "I am honored by the trust the Board
has placed in me, and it is a privilege to take on the responsibility of
leading Nestlé into the future. I fully embrace the company's strategic
direction, as well as the action plan in place to drive Nestlé's performance.
I look forward to working closely with the entire leadership of the company,
in alignment with the Board, Chairman Paul Bulcke, and Chairman-Designate
Pablo Isla, to accelerate execution and to drive the value creation plan with
intensity."

 

 

Contacts

 

Media

 

Christoph Meier

Tel.: +41 21 924 2200

mediarelations@nestle.com (mailto:mediarelations@nestle.com)

 

Investors

 

David Hancock

Tel.: +41 21 924 3509

ir@nestle.com (mailto:ir@nestle.com)

 

 

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