Food Group Danone Should Split CEO, Chair Role, Shareholder Says
Investment company Artisan Partners has demanded corporate governance and strategic changes at Danone, including separation of the French food group's chairman and chief executive roles, adding more pressure to Danone's boss.
The move by Artisan Partners, which says it has a stake of more than 3% in Danone, follows a similar demand by activist investor Bluebell, which last month called on Danone's chief executive Emmanuel Faber to step down.
Artisan said it had written a letter to Danone independent board member Gilles Schnepp to outline its concerns and was in contact with industry executive Jan Bennink to work on a plan to improve Danone.
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