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Danone: behind the scenes of the board of directors that ousted Emmanuel Faber

2021-03-15T21:31:27.215Z


STORY - After weeks of trying to save his place, the former CEO lost his last fight at Danone in an atmosphere of daggers drawn.


Right in his boots, Emmanuel Faber fought to the end.

Faced with the inevitable, his departure from Danone, the intransigent CEO refused to resign on Sunday evening.

Determined to put the other fifteen members of the board of directors of the French agri-food giant before their responsibilities, the president demanded a vote, in which he took part.

The ace.

Besides himself, Jean-Michel Severino, the lead director, and the two employee representatives, only one or two loyalists, including Gaëlle Olivier, voted in favor of keeping him as president.

Read also:

The challenges to relaunch Danone after the ouster of its CEO

All the others, starting with Franck Riboud, lowered their thumbs, registering his ouster.

After weeks of trying to save his place, Emmanuel Faber lost his last fight at Danone.

Director-General since October 2014, he had full powers since December 2017. Franck Riboud, who had made him his successor against the advice of a large part of his entourage, then abandoned the presidency.

"Untenable compromise"

But this

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Source: lefigaro

All business articles on 2021-03-15

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