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Danone Executive Changes 'Raise More Questions Than Answers', Says Analyst

Published on Mar 4 2021 8:18 AM in A-Brands tagged: Featured Post / Trending Posts / Danone / GlobalData / Emmanuel Faber / Paywall / Artisan Partners

Danone Executive Changes 'Raise More Questions Than Answers', Says Analyst

The decision by Danone chief executive Emmanuel Faber to step down from his role as CEO, and continue to occupy the position as chairman at the food group "raises more questions than answers", an industry analyst has said.

Dean Best of Global Data was commenting as Danone, under pressure from activist investors, announced it was making a number of executive changes, in a move that had the 'unanimous support' of its board.

As well as Faber taking the role of chairman, recently-appointed director Gilles Schnepp and former CFO Cécile Cabanis have taken vice chairman positions at the food group.

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