The ax fell on Sunday evening shortly after 10 p.m.
After a hectic weekend and a long meeting
(see page 23)
,
“Danone's board of directors has terminated Emmanuel Faber's functions as chairman and chief executive officer”
.
Gilles Schnepp, the former CEO of Legrand, has been appointed Chairman of the Board of Directors
"with immediate effect"
.
He will be assisted by Véronique Penchienati-Bosetta, Managing Director, and Shane Grant, Deputy Managing Director, the time to find a new operational boss for the group with 24 billion turnover.
Read also:
Danone: Emmanuel Faber, a committed utopian caught up with realities
Its projects are numerous to calm a group not used to being shaken up in this way.
He will first have to reassure the troops, the 100,000 "Danoners" shaken for five months by the governance crisis and attacks on activist funds.
Gilles Schnepp will also have to convince the stock markets.
If the stock took nearly 3% on Monday, a number of questions persist.
Especially since the planned investor meeting
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