Emmanuel Faber

Danone‘s Board of Directors has announced that it will separate the functions of Chairman and CEO, effective upon the appointment of a new CEO. Following the appointment, the company’s current CEO, Emmanuel Faber, will take on the role of non-executive Chairman.

In the meantime, Emmanuel Faber will continue as Chairman and CEO. Meanwhile, the Board of Directors has made other changes to continue strengthening Danone’s governance. It has decided to appoint Gilles Schnepp as Vice-Chairman, together with Cécile Cabanis, and to entrust the responsibilities of Lead Independent Director and Chairman of the Governance Committee to Jean-Michel Severino.

Commenting on the appointment, Jean-Michel Severino, said: “It is an honour to become the next Lead Independent Director of Danone. I have served the company and its mission as Board director for the last ten years as member of the CSR Committee and then Chair of the Audit Committee. I thank the Board for entrusting me with this role, which will be of critical importance in the transition phase we are entering. I also look forward to being in charge of continuing a fruitful dialogue with our shareholders.”

Current CEO Emmanuel Faber commented, “I am pleased we took the governance arrangements that will allow us to anticipate the next phase of development of the truly unique company Danone is, as we open a new step towards the company’s reinvention. I want to thank all our shareholders, my colleagues of the Board, our employees and social partners who contributed to making these decisions emerge. I am convinced they will make the execution of our plan and our mission much stronger.”

Related

Giovanni Bartolotta

Climate change likely ‘irreversible’, says APS Chief Risk Officer

10 June 2023
by Robert Fenech

Giovanni Bartolotta says the danger persists ‘regardless of our micro-managing of the risk’

‘Perfection is often elusive, leading to missed opportunities’ – HR Consultant Fanina Sciberras

9 June 2023
by Fabrizio Tabone

The Summit HR Founder discusses how pursuing perfection in today’s hectic world can prove to be more costly than beneficial.

St Michael Hospice restoration to bring ‘significant improvement’ to local palliative care, says BOV CEO

9 June 2023
by Fabrizio Tabone

The Santa Venera building, previously known as the Adelaide Cini Institute, is being transformed into a state-of-the-art centre offering comprehensive ...

Money20/20 served as a ‘catalyst for driving innovation’ in the financial world, says Andaria CEO

9 June 2023
by Fabrizio Tabone

Money20/20 is a fintech event that was held between 6th and 8th June this year in Amsterdam, bringing together various ...

Close Bitnami banner
Bitnami