By Reuters Staff
3 Min Read
PARIS (Reuters) - An activist investor has called on Danone chief executive Emmanuel Faber to step down after taking a stake in the French food group late last year.
Slideshow ( 2 images )
Shares in the maker of Actimel yoghurt and Evian bottled water moved higher on Tuesday after news of the investment emerged. The shares fell 27% in 2020 and Danone had been touted as a prime target for an activist fund.
Bluebell Capital Partners - whose executives have pushed for changes at fashion label Hugo Boss in Germany and lender Mediobanca in Italy - took a stake in Danone in 2020, according to a letter sent by the fund to Danone board member Michel Landel in November, and seen by Reuters.
BOURSE: Danone monte, un fonds activiste réclame le départ du PDG
latribune.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from latribune.fr Daily Mail and Mail on Sunday newspapers.
BOURSE : Danone monte, un fonds activiste réclame le départ du PDG
tradingsat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradingsat.com Daily Mail and Mail on Sunday newspapers.
Danone monte, un fonds activiste réclame le départ du PDG
investir.lesechos.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investir.lesechos.fr Daily Mail and Mail on Sunday newspapers.
Danone further strengthens governance
Creation of a new Strategy and Transformation Committee to monitor progress on adaptation plans
Gilles Schnepp, Ariane Gorin and Susan Roberts proposed as new independent members
Cécile Cabanis appointed Vice-Chair of the Board
70%+ independent rate and gender parity expected after 2021 AGM
In the recent weeks, Danone announced key steps to unlock future growth and margin expansion and increase value creation, including ‘Local First’ - a plan to shift to a locally-grounded organization. As part of its continuous assessment of the way the Board of Directors works together with the Executive Committee to ensure the delivery of sustainable value creation, Danone announces today several decisions related to Board’s composition and organization to reinforce the governance of the company.