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Factbox: French food group Danone names new leaders


By Reuters Staff
2 Min Read
(Reuters) - Danone said on Monday that Emmanuel Faber would step down as chairman and CEO, replaced immediately by Gilles Schnepp as non-executive chairman, while Veronique Penchienati-Bosetta and Shane Grant will serve as CEO and deputy CEO on an interim basis.
FILE PHOTO: A company logo is seen on a product displayed before French food group Danone s 2019 annual results presentation in Paris, France, February 26, 2020. REUTERS/Christian Hartmann
The maker of Activia yoghurt faced growing calls from some shareholders to replace Faber, 57, who became chief executive in 2014 and chairman three years later.
To try to appease critics, Faber said in early March he would relinquish his role as CEO but stay on as chairman. ....

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Bausch Health names new CFO, says eye care unit spinoff on track


By Reuters Staff
1 Min Read
(Reuters) - Bausch Health Companies Inc on Thursday named insider Sam Eldessouky as its new finance chief, at a time when the Canadian drugmaker looks to speed up the spinoff of eye care unit Bausch + Lomb.
Current CFO Paul Herendeen will take on the role of advisor to the chairman and chief executive officer, the company said.
Eldessouky’s appointment comes amid calls from activist investor Glenview Capital Management for Bausch to spin-off Bausch + Lomb by year-end. The company in August said it would offload the unit into a separate publicly listed firm.
Bausch last month agreed to add directors from Icahn Group to its board, weeks after activist investor Carl Icahn disclosed a nearly 8% stake. ....

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