The Limited Times

Now you can see non-English news...

Emmanuel Faber's fight to save his head at Danone

2021-02-28T18:19:31.244Z

STORY - Challenged by some of the directors and shareholders, the CEO hangs on. A board of directors is meeting on Monday.



The fate of Danone's CEO is in their hands.

The sixteen directors of the French food giant will decide the future of the first of them, who has chaired the board since December 2017. Emmanuel Faber will he leave Danone?

Will he remain a simple chairman, with a CEO recruited from outside the group?

Will he keep his two functions, on condition of enlisting the services of a deputy managing director?

Will he succeed in keeping nothing to change?

Discussions between administrators have been intense behind the scenes for two weeks.

This Monday, at the end of the day, they will discuss the subject for the first time during a videoconference consultation.

"The putschists will count their supporters,"

sums up a close friend of the CEO, convinced that only a minority of directors want his departure and that no majority emerges to demand the separation of the functions of president and general manager in the short term.

"We will not escape this dissociation,

yet ensures

This article is for subscribers only.

You have 89% left to discover.

Subscribe: 1 € the first month

Can be canceled at any time

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All business articles on 2021-02-28

You may like

Trends 24h

Latest

© Communities 2019 - Privacy