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.
UPDATE 2-Danone s Faber to give up CEO role after investor pressure
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Danone shares edge up as Faber drops CEO role after investor pressure
metro.us - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metro.us Daily Mail and Mail on Sunday newspapers.
Nestle to sell its North American water products for $4.3 billion
17 Feb 2021 Mark Schneider during Nestle’s event in Konolfingen, Switzerland. File/Reuters Nestle said on Wednesday it would sell Pure Life and some other struggling North American water brands to two private equity firms for $4.3 billion, as the food giant doubles down on its premium offerings including Perrier.
The sale, to One Rock Capital Partners and Metropoulos & Co, includes brands such as Poland Spring, Deer Park, Ozarka, Ice Mountain, Zephyrhills, Arrowhead and Splash, as well as US office beverage delivery service ReadyRefresh.
Perrier, S.Pellegrino and Acqua Panna, which contributed to the growth recovery of Nestle’s North American water business in the third quarter, are not part of the sale agreement, the company said.