Original title: Nestlé Ousts CEO Over Office Affair and Taps Nespresso Boss
00:00 Yesterday, Nestlé came out to say that to see how long all of it is immediately dismissed. The background is that he had an undisclosed relationship with at a subordinate, which he failed to disclose. So that’s a no go at the Swiss group, which is known for its conservative corporate culture. And what we learned from our reporting is that the concerns were first raised through an internal system called Speak Up, amnestied and chased these concerns and couldn’t substantiate these claims. But the concerns continued, and then the board decided to launch a wider investigation, which also included external counsel, and that then ended up to confirm the allegations. So really, in a turmoil that’s going on at Nestlé, it’s an extension of the turmoil because Lisa has only been there for a year. It’s exactly on the day that he started his position last year and now it’s over. And he took over from Mike Schneider, who was the previous CEO who was also ousted, surprisingly. But in his case,