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Danone To Separate Chairman, CEO Roles - Quick Facts

The Board of Directors of Danone (DANOY.PK) said the separation of the functions of Chairman and CEO will be effective upon the appointment of a new CEO. In the meantime, Emmanuel Faber will continue as Chairman and CEO. The company has launched the process to recruit a new CEO.

The Board 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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