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.