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Danone: funds hostile to CEO Emmanuel Faber denounce his retention in the presidency

2021-03-03T10:31:21.545Z

The American fund Artisan Partners calls for the appointment “immediately” of a “truly independent” president in place of Emmanuel Faber.



The investment funds which have been asking for several weeks the departure of the CEO of Danone, Emmanuel Faber, deplore that the board of directors decided on Monday to keep him as president, in letters consulted on Wednesday by AFP.

Read also: Emmanuel Faber's fight to save his head at Danone

"

We urge the board to review its position,

" writes the American fund Artisan Partners, Danone's third shareholder. He calls for the appointment "

immediately

" of a "

truly independent

"

chairman

in place of Emmanuel Faber, who is already due to cede his post of managing director soon.

Source: lefigaro

All business articles on 2021-03-03

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