Publishing date: Mar 15, 2021 • March 15, 2021 • 3 minute read •
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PARIS Abruptly ousted as head of Paris-based Danone, the yogurt 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.
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.
Chez Danone, les discordes internes ont ouvert le chemin aux activistes
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Danone : Chez Danone, les discordes internes ont ouvert le chemin aux activistes
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