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SAN FRANCISCO, March 15, 2021 /PRNewswire/ Regarding Danone s press release of 15 March 2021, Daniel J. O Keefe, Artisan Global Value Strategy Lead Portfolio Manager, and N. David Samra, Artisan International Value Strategy Lead Portfolio Manager, stated the following: We welcome the actions taken by Danone s board of directors. The appointment of new leadership and better corporate governance will strengthen the company for the benefit of all stakeholders.
For media enquiries:Greenbrook (London)Andrew Honnor and Rob White artisan@greenbrookpr.com[mailto:artisan@greenbrookpr.com]+44 207 952 2000
Steele & Holt (France) artisan@steeleandholt.com[mailto:artisan@steeleandholt.com]+33 6 66 58 81 92+33 6 58 25 54 14
Statement from the Artisan Global Value Strategy and the Artisan International Value Strategy prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.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.
/PRNewswire/ Please find following a letter sent by the Artisan Partners International Value and Global Value Teams to the board of directors of Danone SA..