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Danone s Faber to give up CEO role after investor pressure

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.

Danone s CEO Faber relinquishes dual role

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