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Emmanuel Faber steps down as Danone CEO and chairman

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March 16, 2021

Emmanuel Faber

Emmanuel Faber will step down as chairman and CEO of Danone, effective immediately, according to a press release. Gilles Schnepp, an operating advisor at Clayton, Dubilier & Rice, will become chairman of the board while the company seeks a new CEO.

Véronique Penchienati-Bosetta, chief executive officer international, and Shane Grant, chief executive officer North America, will jointly lead the business while the search for a new CEO is under way.

The company has appointed an international search agency to support the process.

Schnepp will be supported by Laurent Sacchi, the executive vice president of the chairman's office, and Juergen Esser, the chief financial officer, and the full executive committee.

Photo: LinkedIn.