Press Release –
Danone’s Board of Directors to initiate a composition renewal program
As part of the transition initiated earlier this year on the company’s governance framework, Danone’s Board of Directors, following a meeting on
Last March, the Board of Directors decided to separate the functions of Chairman and Chief Executive Officer. This first step led to the appointment on
The second step announced today corresponds to an overhaul of the Board’s composition. It has been proposed by all the members of the Board and aims at serving Danone’s performance and mission for the years to come.
This overhaul will entail the renewal of Danone’s Board of Directors and will be completed by Danone’s 2023 Shareholders’ Meeting. The Directors whose terms end in
At the 2022 and 2023 Shareholder’s Meetings, the election of new Directors will be proposed with the aim of constituting a Board of Directors composed of 12 members (including the two Directors representing employees). As announced on
On his decision not to seek the renewal of his Director mandate in
“I am happy that a new cycle is beginning for Danone and the Board. My only aspiration remains to serve Danone as well as possible and to strongly support Antoine de Saint-Affrique in his work to put Danone back on its growth path. This Board evolution will, I am sure, facilitate the implementation of his project. I, for certain, will obviously be keen to continue to assume the role of Honorary President as it is envisaged at Danone. It will allow me, with a caring yet demanding perspective of the company and its teams, to continue to actively promote the vision and the managerial and entrepreneurial culture of this unique group. The very ones that have built the success of Danone for so many years.”
On the decision of the Board of Directors, Gilles Schnepp, Chairman:
“I would first like to thank all of the Directors who wanted these major evolutions to be decided in a collegial and responsible way. This Board of Directors demonstrated its commitment and ability to take decisions in the sole interest of the company. The overhaul of Danone’s Board of Directors will be completed in several stages by 2023, allowing the candidates to prepare for their future responsibilities as Directors while enabling for an orderly transition. From here on, we will focus on the next step of Danone’s governance evolution with two objectives: on the one hand, recruit new talent with strong international experience and sectorial expertise while ensuring the diversity and independence of the
ANNEX
Composition of Board of Directors
Since Danone’s 2021 Shareholders’ Meeting, the Board of Directors has been composed of 13 members, of which 11 Directors elected by the
Nordi Benassem, delegate of the
Among the Directors appointed by the Shareholders’ Meeting, 73% are independent and 45% are women.
Starting date of Director’s term | End of current term | |
2018 | 2024 | |
Fréderic Boutebba (*) | 2016 | 2023 |
2018 | 2024 | |
2016 | 2022 | |
2018 | 2024 | |
2014 | 2023 | |
1992 | 2022 | |
2020 | 2023 | |
2011 | 2023 | |
2011 | 2023 | |
Bettina Theissig (*) | 2014 | 2023 |
2015 | 2024 | |
2014 | 2023 |
(*) Directors representing employees
About Danone (www.danone.com)
Danone is a leading multi-local food and beverage company building on health-focused and fast-growing categories in 3 businesses: Essential Dairy & Plant-Based products, Waters and Specialized Nutrition. With its ‘One Planet. One Health’ frame of action, which considers the health of people and the planet as intimately interconnected, Danone aims to inspire healthier and more sustainable eating and drinking practices. To accelerate this food revolution and create superior, sustainable, profitable value for all its stakeholders, Danone has defined nine 2030 Goals, and paved the way as the first listed company to adopt the “Entreprise à Mission” status in
Attachment
- Danone_PR_290721
© OMX, source