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.
Changes at the top at Danone as Faber replaced as chairman and CEO dairyreporter.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dairyreporter.com Daily Mail and Mail on Sunday newspapers.
Danone to split CEO and chairman roles Following a meeting on March 1, Danone s board of directors reviewed the company’s corporate governance and decided, on a proposal from Emmanuel Faber, to separate the functions of chairman and CEO in the near future.
The separation will be effective upon the appointment of a new CEO. The process to recruit a new CEO has been launched and once complete, Faber will focus on his role as non-executive chairman.
In the meantime, Faber will continue as chairman and CEO, with the full confidence and unanimous support of the board to exercise full operational responsibility for the company, and to lead the implementation of the adaptation plan Local First.