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.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!