Former Nestle chief executive Laurent Freixe is seeking to recover a bonus and unvested shares that were taken from him after his September dismissal over an undisclosed relationship with a subordinate. Freixe, 64, is in pre-litigation settlement talks with the Swiss food company where he worked for 39 years, arguing his dismissal unfairly harmed his reputation and earning potential. He wants his pro-rata bonus for the months he worked in 2025 paid and the return of three years of unvested shares that were forfeited upon his termination. His lawyer said he was removed without being heard and stripped of compensation he had legitimately earned. Freixe was removed after only one year as CEO for failing to disclose the relationship during two investigations, and Nestle said at the time he would receive no severance package due to code of conduct violations.
Nestle S.A.Former CEO seeks to recover bonus and shares after dismissal for code of conduct violation, potentially leading to legal costs and reputational damage.