Danone to Combine Functions of Chairman, CEO
October 18 2017 - 12:57PM
Dow Jones News
By Sarah Sloat
Danone SA (BN.FR) said Wednesday that its Chief Executive Office
Emmanuel Faber will also serve as company chairman as of Dec.
1.
The company's board of directors unanimously voted to combine
the functions, Danone said. As chairman, Mr. Faber succeeds Franck
Riboud, who becomes honorary chairman.
Mr. Riboud said the change is a result of a planned leadership
transition that he initiated three years ago.
"Combining the chairman and CEO roles will solidify this
momentum, creating a direct bridge between the board and management
that will enable the company to continue to execute on its
strategy," he said.
Danone has announced structural changes to its executive
committee, which will include three business and two functional
leaders.
Write to Sarah Sloat at sarah.sloat@wsj.com
(END) Dow Jones Newswires
October 18, 2017 12:42 ET (16:42 GMT)
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