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DANONE ADR (DANOY) - Danone Board Ousts CEO Emmanuel Faber: What You Need To Know

Share: Danone (OTCQX: DANOY) announced the removal of Chairman and CEO Emmanuel Faber Monday. Gilles Schnepp will replace Faber as chairman. Véronique Penchienati-Bosetta and Shane Grant will serve on an interim basis as CEO and deputy CEO, respectively, until a new chief executive is hired, according to the parent company of the Dannon yogurt brand. What Happened: The company’s press statement announcing the executive shift gave no explanation on why Faber was abruptly jettisoned. Danone faced increasing pressure from shareholders including the investment fund Artisan Partners and activist investor Bluebell Capital to replace Faber, whom they blamed for the company’s lackluster sales, according to reports from CNBC and Reuters.

United statesGilles schneppParis headquartered danoneOshane grantArtisan partnersBluebell capitalHorizon organicHappens nextஒன்றுபட்டது மாநிலங்களில்கில்லஸ் ஸ்ச்சினெப்ப்ஷேன் மானியம்கைவினைஞர் கூட்டாளர்கள்புளூபெல் மூலதனம்அடிவானம் ஆர்க்யாநிக்நடக்கிறது அடுத்தது

Danone board ousts boss Faber after activist pressure

Danone board ousts boss Faber after activist pressure 03/17/2021 | 03:26am EDT Send by mail : Message : By Sarah White and Gwénaëlle Barzic PARIS (Reuters) -Danone said on Monday that Emmanuel Faber would step down as chairman and CEO, ejected by the group s board after the Activia yoghurt maker faced growing calls from some shareholders to replace him. Faber, an advocate for environmental matters and a more sustainable way of doing business, had come under pressure as sales and margin growth underperformed some rivals in recent years. Danone said Faber would be replaced immediately by recently appointed director Gilles Schnepp in the seat of non-executive chairman, while Veronique Penchienati-Bosetta, Chief Executive Officer International, would work with Shane Grant, CEO for North America, as CEO and deputy CEO on an interim basis.

United statesFrance generalFrancesco trapaniSudip kar guptaEmmanuel faberSarah whiteBenoit van overstraetenVeronique penchienati bosettaStephen coatesGilles schneppGwenaelle barzicKirsten donovanChief executive officer internationalOshane grantNorth americaArtisan partners

Danone jettisons Faber as Chairman and CEO: Will his legacy of sustainable business survive?

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.

United statesGilles schneppEmmanuel faberMilton friedmanAlain sebastian oberhuberArtisan international value strategyOshane grantChief executive officer north americaArtisan global value strategyBluebell capital partnersLocal firstHealthy foodsPrepared foodsTransparency and supply chainஒன்றுபட்டது மாநிலங்களில்கில்லஸ் ஸ்ச்சினெப்ப்

Danone boss Emmanuel Faber is forced out after power struggle

Danone boss Emmanuel Faber is forced out after power struggle
dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.

United statesFrancesco trapaniGilles schneppEmmanuel faberArtisan partnersNorth americaOshane grantBluebell capitalஒன்றுபட்டது மாநிலங்களில்பிரான்செஸ்கோ திரப்பபணிகில்லஸ் ஸ்ச்சினெப்ப்இம்மானுவேல் ஃபேபர்கைவினைஞர் கூட்டாளர்கள்வடக்கு அமெரிக்காஷேன் மானியம்புளூபெல் மூலதனம்

Danone сменила генерального директора

Danone сменила генерального директора
kommersant.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kommersant.ru Daily Mail and Mail on Sunday newspapers.

United statesGeneral directorBoard of directorsPost general directorChapter north americanOshane grantNew general directorஒன்றுபட்டது மாநிலங்களில்ஜநரல் இயக்குனர்பலகை ஆஃப் இயக்குநர்கள்ஷேன் மானியம்