Danone sacks chairman after investor onslaught

Paris (AFP) March 15, 2021
Danone said Monday it had dismissed its chairman after months of complaints from foreign shareholders about the French food and drinks giant’s underperforming share price. Activist investors took aim at Emmanuel Faber, who became Danone’s boss in 2017, and his management team, demanding his departure and a revamp at the top as the company struggles to plot a post-Covid recovery strategy.
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