Danone jettisons Faber as Chairman and CEO: Will his legacy of sustainable business survive? nutraingredients.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nutraingredients.com Daily Mail and Mail on Sunday newspapers.
Danone jettisons Faber as Chairman and CEO: Will his legacy of sustainable business survive? Danone’s board of directors bowed to pressure from activist investors and announced that Emmanuel Faber – Chairman and former CEO – will leave the company with immediate effect.
“The Board has decided that Emmanuel Faber will step down as Chairman and CEO,” the company said in a statement following a board meeting yesterday.
International CEO Véronique Penchienati-Bosetta and Shane Grant, currently Chief Executive Officer North America, will jointly lead the business while the search for a new CEO is underway. Gilles Schnepp, who joined the Danone board in December, has been appointed Chairman.