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Last weekend, the Biden administration patted itself on the back for helping to relieve its self-created baby formula shortage crisis, celebrating on social media the first Operation Fly Formula flight ....
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. ....