Dive Temporary:

  • Danone’s board voted Monday to separate the chairman and CEO roles at the moment held by Emmanuel Faber whereas beginning a seek for a brand new chief govt to supervise the dairy big, the corporate mentioned in a press release.
  • Faber will keep on in his present positions at Danone till a brand new CEO is discovered after which change into non-executive chairman.
  • The maker of Oikos dairy yogurt and Silk plant-based merchandise has been underneath hearth by a number of activist traders in current months who’ve referred to as for modifications in management amid a slumping inventory worth and questions over the corporate’s technique.

Dive Perception:

This story is creating and shall be up to date.