Monday, 15 Mar 2021 05:03 PM MYT
Emmanuel Faber was dismissed by the board of directors of Danone March 15, 2021 after several months of rebellion by shareholders who challenged his strategy. — AFP pic
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PARIS, March 15 — Danone said today it had dismissed its chairman, a move that follows months of complaints from foreign shareholders about the French food giant’s underperforming share price.
Activist investors took aim at Emmanuel Faber, who became Danone’s boss in 2017, and his management team, demanding his departure and a revamp at the top as the company struggles to plot a post-Covid recovery strategy.