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Antoine de Saint-Affrique, future boss of Danone

2021-05-18T01:42:52.031Z

INFO LE FIGARO - His arrival at the head of the group should be formalized from Monday evening. Two months. This is the time it took to recruit the boss of Danone. Emmanuel Faber, the previous CEO of the global dairy and water giant, was brutally ousted on March 14, after several months of governance crisis. This Sunday evening, Danone's board of directors was about to meet, under the chairmanship of Gilles Schnepp. On the agenda, according to our information: the appointment to the post of



Two months.

This is the time it took to recruit the boss of Danone.

Emmanuel Faber, the previous CEO of the global dairy and water giant, was brutally ousted on March 14, after several months of governance crisis.

This Sunday evening, Danone's board of directors was about to meet, under the chairmanship of Gilles Schnepp.

On the agenda, according to our information: the appointment to the post of Managing Director of Antoine de Saint-Affrique.

CEO of the Swiss chocolate maker Barry Callebaut, this renowned French leader, identified by some directors of Danone even before the ouster of Emmanuel Faber, should be available from September 1, the date on which he had planned to let go of the reins of Barry Callebaut .

Bounce Danone

Also approached, Max Koeune, former Danone and current CEO of the American group McCain, had himself refused the post on the weekend of April 24.

Which, after the end of inadmissibility opposed to the candidacy of Nathalie Roos (ex-Mars and L'Oréal), made Antoine de Saint-Affrique the only finalist.

Once the financial terms have been validated and the employees of the group notified, his arrival at the head of Danone should be formalized from Monday evening.

Read also:

Danone is preparing a return to shareholders

After more than twenty years at Unilever and a detour at Danone in the 1990s, this 57-year-old Essec graduate has a very solid background in the sector, in France and internationally.

His personal values ​​are close to the Danone culture, and his career will make him a very complementary CEO to a president who has little experience in the mysteries of mass consumption.

The challenges of Antoine de Saint-Affrique are not lacking.

He will have to deploy the Local First plan, wanted by Emmanuel Faber;

he will also have the task of specifying his recipe to make Danone bounce back.

The Covid-19 crisis has plagued the sales and profitability of its waters.

Danone's governance will also have to be changed.

During the AGM of April 29, Gilles Schnepp confirmed the plan to quickly review the board of directors.

Source: lefigaro

All business articles on 2021-05-18

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Business 2021-05-18T01:42:52.031Z

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