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Danone to replace bulk of board under investor pressure
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Danone clears way for new CEO with board overhaul
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Emmanuel Faber : « Mon éviction de chez Danone relève du théâtre »
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2021 Danone Shareholders Meeting: approval of all resolutions 2021 Danone Shareholders Meeting: approval of all resolutions Danone s Shareholders Meeting was held today, exceptionally behind closed doors given the current health context, chaired by Gilles Schnepp, Chairman of the Board of Directors. 64.09% of Danone s total outstanding share capital was represented in this Shareholders Meeting. Danone s shareholders approved all resolutions submitted to a vote, including the statutory and consolidated financial statements for the 2020 fiscal year, and the proposed dividend of €1.94 per share in cash, down 8% from 2019. The ex-dividend date (or ex-date) is set on May 10, 2021 and the dividend will be payable on May 12, 2021. In addition, the Shareholders Meeting approved all proposed renewals of terms of office of the
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PARIS (Reuters) - Abruptly ousted as head of Paris-based Danone, the yoghurt group he turned into a standard bearer for green-friendly businesses, Chief Executive Officer Emmanuel Faber’s dismissal is a rare win for activist funds in France campaigning for his removal.
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
Faber’s struggle to address simmering unease among boardmembers, after some of the former CEO’s strategy shifts led to internal disputes in recent months, laid the groundwork for a coup before the investors’ intervention, said two people familiar with the group, who declined to be named due to the sensitivity of the matter.