Ganesh Srivats, who joined Tesla in 2015 and eventually came to be in charge of global growth, is the latest in a [series of top-level executives](https://www.reuters.com/article/us-tesla-executives-factbox/factbox-tesla-executive-departures-since-2016-idUSKCN1IG2G2) to step down. His departure comes days before Tesla is set to announce its second quarter earnings. Cheddar's Kristen Scholer and Tim Stenovec break down the latest.

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Nestlé dismisses CEO after he has relationship with a subordinate
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
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