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Activists plotting Danone food fight With the yoghurt maker’s share price at seven-year lows, Emmanuel Faber doubled down on his turnaround plan 6 March 2021 • 12:00pm It is the world’s biggest yoghurt maker – but the scenes inside Danone’s virtual boardroom were anything but smooth last month. When boss Emmanuel Faber updated the City on the Paris-based dairy giant’s full-year results last month, investors were dismayed. Announcing that sales drooped 1.5pc in 2020, Faber acknowledged that Danone’s share price – at seven-year lows – was also disappointing. Nevertheless, he p...

Putting the governance in ESG? Danone splits Chairman and CEO roles Danone is a company well-known for its commitments to environmental and social sustainability. But the French dairy giant’s structure – combining the CEO and Chairman roles – has raised some concerns about the G in ESG. As the group comes under pressure from activist shareholders, will Emmanuel Faber’s decision to step back from the post of Chief Executive please critics? Danone’s top executive Emmanuel Faber put a proposal to the company’s board of directors yesterday (1 March) to sepa...