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Danone jettisons Faber as Chairman and CEO: Will his legacy of sustainable business survive?
nutraingredients.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nutraingredients.com Daily Mail and Mail on Sunday newspapers.
La multinacional Danone destituye a su director general por presión de accionistas
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Emmanuel Faber ya es historia en Danone y la multinacional sube un 2,9% en bolsa
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March 15, 2021 1:27 pm
Multinational dairy giant Danone has announced a changing of the guard at top level, revealing that its board has decided to replace its current CEO and chairman.
In a statement today (Monday, March 15), the firm behind the Activia, Actimel and Alpro brands revealed a shake-up of key governance changes.
Danone has a sizeable presence in Ireland, operating two baby formula production plants in Wexford and Macroom, Co. Cork.
“The board has decided that Emmanuel Faber will step down as chairman and CEO,” the statement said.
As a consequence, it has appointed Gilles Schnepp as chairman of the board with immediate effect.
Breakingviews - Danone CEO exit gives France governance upgrade
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