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Danone announces three appointments at executive committee level
Danone Says Valérie Chapoulaud-Floquet To Join Its Board Of Directors
Synlait Milk Enters Partnership To study Soil Health On 10 Farms
Danone SA is a France-based global food and beverage company. It operates through four segments: Essential Dairy and Plant-Based Products (EDP), Waters and Specialized Nutrition, including Early Life Nutrition and Medical Nutrition. EDP produces and distributes fresh fermented dairy products and other dairy specialties, plant-based products and beverages, coffee creamers and organic products; Waters sells bottled water and water sold in small and large containers; Early Life Nutrition offers baby formula (infant milk formula, follow-on milk, growing up milks), milk and fruit-based desserts, cereals, jars of baby food and ready-made baby food; Advanced Medical Nutrition offers adult or pediatric clinical nutrition products to be taken orally or through a tube in the event of malnutrition related to illness or other causes. The Company’s brands portfolio includes Activia, Actimel, Alpro, Danette, Danonino, Danio, evian, Volvic, Nutrilon/Aptamil, Nutricia, among others.
17 boulevard Haussmann
Director, Honorary Chairman
Non-Executive Chairman of the Board
Antoine Bernard de Saint-Affrique
Chief Executive Officer
Non-Executive Vice Chairwoman of the Board
Executive Vice-President, Chief Financial, Technology and Data Officer
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A new global standard setter for company climate disclosures will be chaired by Emmanuel Faber, the former head of French yoghurt maker Danone and long-time advocate of sustainable business.
France's Danone, the world's largest yoghurt maker, plans to switch one of its big French factories to plant-based drinks next year in a bet on fast-growing non-dairy milk alternatives.
* Shares down 2.1% (Recasts, adds comments from CEO and CFO call)
* H1 operating profit 1.55 bln euros, down 4.2% like-for-like
Danone stuck to its goal of returning to profitable growth in the second half of 2021 after posting a 6.6% rise in second quarter sales, beating analysts' expectations for a 5.1% increase, as its waters and baby food units returned to growth.
* French food group has come under pressure from investment funds
France's Danone, the maker of Activia yoghurt, is homing in on several candidates to replace ousted chief executive Emmanuel Faber and is aiming to narrow that down to a shortlist of two names in May, a source close to the matter said.
* Board sticks to departed boss' "Local First" plan (Adds details)
Danone on Tuesday kept its goal of returning to profitable growth in the second half of 2021 after posting a 3.3% fall in first quarter sales, as COVID-19 lockdowns continued to dent its bottled water and baby food sales.
A group of Danone shareholders wants each member of the board of directors to present his strategic vision for the French food group at the April 29 annual shareholders meeting.
Danone will pursue some of the organisational changes set in motion by former boss Emmanuel Faber, newly-appointed chairman Gilles Schnepp said in a letter to shareholders ahead of the appointment of a new chief executive.
Food group Danone's new chairman Gilles Schnepp does not plan to change the group's strategy and will implement its "Local First" strategic plan, French daily Le Figaro reported on Thursday, citing an internal video message to staff.
Abruptly ousted as head of Paris-based Danone, the yoghurt group he turned into a standard bearer for green-friendly businesses, Chief Executive Officer Emmanuel Faber's dismissal is a rare win for activist funds in France campaigning for his removal.
Danone said on Monday that Emmanuel Faber would step down as chairman and CEO, ejected by the group's board after the Activia yoghurt maker faced growing calls from some shareholders to replace him.
Danone said on Monday that Emmanuel Faber would step down as chairman and CEO, replaced immediately by Gilles Schnepp as non-executive chairman, while Veronique Penchienati-Bosetta and Shane Grant will serve as CEO and deputy CEO on an interim basis.
European stocks rose on Monday on gains in French food company Danone and Swiss drugmaker Roche Holding, with optimism about a strong economic rebound calming concerns about quickening inflation.
U.S investment company Artisan Partners on Wednesday said that Danone needed to appoint a new, independent chairman, adding more pressure on Emmanuel Faber who holds that position at the French food company.
U.S investment company Artisan Partners on Wednesday said Danone needed to appoint a new, independent chairman, adding more pressure on Emmanuel Faber who is the French food company's current chairman.
Activist investor Bluebell on Tuesday called for Danone's board to reconsider its decision to appoint Emmanuel Faber as chairman.
Shares in Danone slipped on Tuesday after the French food group responded to pressure by splitting the chairman and chief executive roles but left investors questioning whether the shake up went far enough to give a new CEO room to act.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.