Nestle CEO Laurent Freixe speaks during a general shareholders meeting of Swiss food giant Nestle in Ecublens, near Lausanne, on April 16, 2025. Freixe was fired for engaging in an undisclosed office affair. Photo by GABRIEL MONNET / AFP via Getty Images

Nestlé SA is turning to the executive who runs its Nespresso coffee empire to try and steady the world’s largest food business after it was rocked by the second CEO firing in a little over a year.

Philipp Navratil is taking over as chief executive at the Swiss company, after the exit of Mark Schneider for underperformance last year and Laurent Freixe on Monday for failing to disclose an affair with a direct subordinate.

It’s unprecedented turmoil for a company that has been renowned for its internal succession planning and staid

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