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Danone: towards dissociation of top management roles

( - Danone has announced that its board of directors has decided to dissociate the roles of chairman and CEO in the near future, a dissociation that will be effective upon the appointment of a new CEO, with a recruitment process having been launched.

Emmanuel Faber will then focus on his role as non-executive Chairman. In the meantime, he will continue as Chairman and CEO, with the full confidence and unanimous support of the Board and lead the implementation of the adaptation plan Local First.

At the same time, the board of directors has decided to appoint Gilles Schnepp as Vice-Chairman, together with Cécile Cabanis, and to entrust with immediate effect the responsibilities of Lead Independent Director and Chairman of the Governance Committee to Jean-Michel Severino.

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