The meeting will be followed by a board meeting chaired by Faber on Sunday evening, the newspaper said.

The food group has responded to the investor pressure by saying it will split the chairman and chief executive roles and that Faber would stay on as non-executive chairman once a new CEO was found.

Bluebell, one of two activist investors that have led the campaign, said earlier this month that a continuing role for Faber as chairman would have a highly detrimental effect.

(Reporting by Richard Lough; Editing by Leslie Adler)