Danone s Faber to give up CEO role after investor pressure
03/01/2021 | 05:34pm EDT
Send by mail :
Message :
By Sarah White and Gwénaëlle Barzic
PARIS (Reuters) - France s Danone SA said on Monday its board has voted to separate the chairman and chief executive roles held by Emmanuel Faber, and launch the search for a new CEO following calls from several shareholders to shake up governance.
Faber will remain in the dual position until a new CEO is found and then become non-executive chairman.
The world s biggest yoghurt maker is trying to draw a line under growing pressure from investors over the firm s share price and strategy, which had led to unease at the board level too, people familiar with the group have said.
UPDATE 2-Danone s Faber to give up CEO role after investor pressure reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.