On Monday, 19 companies with ⦠PARIS: The Board of Danone has decided that Emmanuel Faber will step down as Chairman and CEO. His appointment follows a ârigorous selection processâ to replace Emmanuel Faber, who departed the company in March. Patagonia CEO Rose Marcario is one of the biggest evangelists for adding sustainability to business strategy. Do share with us about your career at Danone. By Jim Cornall. CEO and chairman since 2014, Faber made his mark on Danone by operating a âmulti-stakeholderâ business model that aimed to serve shareholders, employees, and the environment alike. What an organization measures shapes what it does. ricochet64. Emmanuel Faber is Former Chairman/CEO at Danone. Balancing sustainability with the need to placate shareholders. Danoneâs damaging brush with activist investors. According to Faber's comments, there is an "urgency to ⦠Danoneâs big push into health, sustainability. March 15, 2021. Danone is a company well-known for its commitments to environmental and social sustainability. At Danone , Catherine Musulin started as director for sustainability. It is far from clear how these sustainable initiatives will be integrated from now on by new management. Become circular and climate positive, and regenerate resources while growing the IKEA business. Danone to split CEO and chairman roles. Now 20 years later we have a new great sustainability storyteller in the CEO of one of the worldâs largest food companies Danone â a company with sales of â¬22 billion (2016) and around 100,000 employees. Danone | 2,393,415 followers on LinkedIn. Sustainability data, decision-making and performance. By. Danone Global has decided to expand its network in Indonesia, one of which is by building Danone Specialized Nutrition (Danone SN). Danone SN in Indonesia is a business category consisting of Early Life Nutrition (ELN) and Advanced Medical Nutrition (AMN). PARIS â Antoine de Saint-Affrique has been named chief executive officer of Danone, effective Sept. 15. Danone is committed to the sustainable shared value creation model that has driven its vision of business since it established its dual economic and social project for the first time in 1972. 05 07 04 52 06 70 Nature and 62 88 Environment Compliance Provide Sustainable Press Release â Paris, March 15 th, 2021. The clash between the Frenchman and outspoken investors was also widely chalked up to the formerâs commitment to driving Danoneâs sustainability agenda. With remarks that were as refreshing as they were bold, Faber outlined how his company is championing being a brand for good. CEO Message 4 Highlights6 Danone SN Indonesia Sustainability Report 2017-2018 2. Bluebell said that Faberâs Danone âdid not manage to strike the right balance between shareholder value creation and sustainabilityâ. Emmanuel Faber, Danone CEO and chairman, discusses the companyâs plan to focus more on health and sustainability ⦠We have identified five key areas: fight against climate change, protect water cycles, improve the sustainability of our packaging, promote sustainable agriculture and eliminate food waste. Shane Grant Co-CEO & Chief Executive Officer North America. Bluebell said that Faberâs Danone âdid not manage to strike the right balance between shareholder value creation and sustainabilityâ. The decision comes after Danone CEO ⦠The company also plans to ⦠The recent removal of Danoneâs CEO and chairman, Emmanuel Faber, has been seen by many as a ⦠19 companies with more than $500 billion in combined annual revenue launched an initiative to protect biodiversity on Monday, with Danone CEO Emmanuel Faber saying the world is ⦠Sustainability And The Downfall Of Danone CEO Faber (2/2) Frank Van Gansbeke. Dive Brief: Danone has picked Antoine de Saint-Affrique as its CEO starting Sept. 15, the French company said in a statement. The French yoghurt makerâs board is meeting on Monday to appoint Antoine de ⦠Danone North America is part of Danone, a leading global food and beverage company, and is the seventh Danone subsidiary to become a Certified B Corp. As more than 20% of the business, we are excited to play an active role in Danoneâs global B Corp Certification journey. With their controversial tactics aimed at maximizing shareholder profit, they undermine sustainability practices, which they consider wasteful. At Danone, we believe that healthy food starts with a healthy planet. Yet he left a pervasive rift between staunch supporters of sustainable capitalism an⦠Sure, Patagonia has had an environmentalist ethos from the ⦠Press Release March 15, 2021. The demise of Danoneâs chief executive at the hands of activist investors demonstrates the peril of pursuing sustainability. And Faber has started the process of pruning the portfolio, clearing a path forward for his successor. Danone has made it clear it wants an external candidate for the CEO job, and someone with operational experience in the food industry. Danone Names Barry Callebautâs de Saint-Affrique as CEO. With this in mind, it seems sustainability is set to remain a core tenet of Danoneâs strategy in the years to come, just as it has been since the business was founded almost a century ago. Nestleâs CEO changed tack to avoid being wafered. âThe Board has decided that Emmanuel Faber will step down as Chairman and CEO,â the company said in a statement following a board meeting yesterday. During todayâs Annual General Meeting of shareholders, Danone CEO Emmanuel Faber announced the companyâs plan to deepen their work with B Lab and to design a roadmap for Danone to ultimately obtain B Corp certification as a global entity. One health vision Green Business. Louise Kjellerup Roper is CEO of UK-based Volans, which advises companies that are transitioning to sustainability. Mr. de Saint-Affrique joins Danone from global chocolate maker and cocoa processor Barry Callebaut, where he was CEO since 2015. He also set aside 2 billion euros for sustainability. Email to a friend. Lina Saigol. Having successfully fused sustainability and profit-making as CEO of Barry Callebaut, could Danoneâs newly-named CEO do the same for the dairy giant? Emmanuel Faber, ousted from Danone in March following pressure from investors and suggestions of internal division, claims the company is ⦠PARIS â Emmanuel Faber has served as chief executive officer and chairman of Danone since 2015. Discover Danone's executive committee through our investor relations section. Véronique became executive vice president of specialized nutrition in 2019, before being appointed chief executive officer international in November 2020. by Salvatore Cantale Published 22 March 2021 in Finance. ISSUE #67 â In our interview with a Patron Member, Pascal de Petrini (pictured below), Chairman at Danone, shares with us about his career, the companyâs strategy and its latest activities in Asia Pacific. Danone CEO Announces Intention to Deepen Work with B Lab. New governance at Danone shuffles management team, removes CEO. âThe board and I want to thank Emmanuel for his leadership and significant contributions to Danone since 1997, and since 2014 as CEO and then chairman and CEO,â Mr. Schnepp said. The Danone Nations Cup â the âworldâs biggest football tournamentâ for 10-12 year-olds â is probably the project that best illustrates Danoneâs ambition when it comes to addressing the social aspect of sustainability on a global scale. Danone has sponsored a report that uses âdeep social listeningâ tools to track conversations about food. Image: Sustainable Brands Paris / Omar Havana SB'19 Paris opened with a powerful statement from Danone CEO Emmanuel Faber, which in large part set the tone of the discussions for the week ahead. contact. The deal marks the ⦠... reflecting on the importance of sustainability. Inspire and enable more than 1 billion people to live a better everyday life within the boundaries of the planet. The Grenoble-born CEO, for example, banned the plastic cups from Alpro soy yogurt. Danone: New governance at Danone; Emmanuel Faber steps down as Chairman and CEO Gilles Schnepp appointed non-executive Chairman. Submitted by B Lab. Danone has a strong suite of assets, including in plant-based beverages like soy and almond milks, but it has underperformed over the past five years. Join us and contribute to our One Planet. Danone doesnât seem jealous of its position as the B Corp communityâs largest occupant. Sustainability Report Danone Specialized Nutrition 2017â2018 Bringing Health through Food to as Many People as Possible Danone . Summary. Morgan Smith. Danone said de Saint-Affriqueâs appointment followed a rigorous selection process led by the companyâs Governance Committee. Explore how you can start a career, learn and develop yourself in a collaborative and empowering environment. A key focus on Danone's sustainability investments is on regenerative agriculture, the company said. The public struggle that forced Emmanuel Faber the Chair and CEO of Danone to step down last week has exposed stakeholder capitalism for what it is: an emperor with no clothes. ... where he combined profitable growth and cash flow generation with strong commitments to environmental and sustainability ⦠Dairy and water giant Danone has announced the appointment of Antoine de Saint-Affrique as Chief Executive Officer⦠Jesper Brodin is advancing IKEAâs vision to furnish people with "thin wallets and big dreams in their lives at home" without taking more resources than the planet provides. Press Release â Paris, March 15th, 2021 New governance at Danone Emmanuel Faber steps down as Chairman and CEO Gilles Schnepp appointed non-executive Chairman The Board of Danone today announces key governance changes. Emmanuel Faber, the CEO of $55 billion food and beverage giant Danone, is leading a coalition for an industry at a crossroads. Danone Manifesto Ventures (DMV) has purchased a majority stake in Harmless Harvest, a producer of coconut water and other organic coconut-based products. Danoneâs chief executive and chairman, Emmanuel Faber, is to step down after activist shareholders called for his removal.In particular Artisan Partners and Bluebell Capital Partners, which together own less than 6% of the Paris-based food giant, explicit requested the board find a replacement.. Schneider complied with this supposedly short-termist plan, and the share price has risen 32% since July 2018. Sustainability-focused CEO Faber got the axe after ⦠Photo: Danone SA. Faber, who has worked at Danone since 1997 and has been the top boss since 2014, is a great advocate of corporate social responsibility. Industry veteran Antoine de Saint-Affrique will succeed the joint interim leadership of Véronique Penchienati-Bosetta and Shane Grant, and will be proposed as a new member of the board next year. At the heart of this business model lies the conviction that commitment to all stakeholders creates further value for shareholders. In contrast, Danone is down 2% over the period, while Unilever has only gone up 3%. Transformation to sustainability will require listening from leaders Antoine de Saint-Affrique, CEO of Barry Callebaut, shares lessons on putting sustain ... Chief Executive Officer of Barry Callebaut, the worldâs biggest producer of industrial chocolate, and soon to be CEO of Danone, the multinational dairy products and waters group. 05 07 04 52 06 70 Nature and 62 88 Environment Compliance Provide Sustainable ... Danone SN Indonesia Sustainability Report 2017-2018 10. Deanna Bratter is the Head of Sustainable Development for Danone North America, the largest public benefit corporation and largest Certified B Corporation in the world. Katharina Stenholm joined Danone in 2017 as senior vice president, chief cycles and procurement officer responsible for the global procurement function and the nature sustainability team. So what does his removal mean for the sustainability movement generally and Danone in particular? Visit our website and stay aware of Danone's investment informations ... SUSTAINABILITY Commitments, Policies and Position papers Reports and Data Podcasts ... Co-CEO & Chief Executive Officer International. Summary. Stephanie Potter, previously at the U.S. Chamber of Commerce Foundation overseeing sustainability and circular economy, is now head of sustainability strategy at Nestlé USA. Danone Manifesto Ventures (DMV) CEO Laurent Marcel added: âIn some cases, our investment agenda is to take a minority stake and to learn, and in ⦠Danone Chairman and CEO relinquishes chief executive role / Pic: Danone. Danoneâs chief executive and chairman, Emmanuel Faber, is to step down after activist shareholders called for his removal. In particular Artisan Partners and Bluebell Capital Partners, which together own less than 6% of the Paris-based food giant, explicit requested the board find a replacement. IKEA sustainability ambitions for 2030. The group was launched by Danone CEO Emmanuel Faber at the U.N. Danone has appointed Barry Callebaut head, Antoine de Saint-Affrique, as its new chief executive officer, effective 15 September 2021.. The ousting of Danoneâs chief executive shows why. Activist shareholding is a low-cost version of acquisition: you get the changes you want at a fraction of the cost. By Sally Ho Published on May 4, 2021 Last updated May 3, 2021. B Lab is the nonprofit behind the B Corp certification that 2,800 companies around the world use to show that they ⦠The Danone North America team is more than 6,000 people strong, with offices in both the U.S. and Canada. The session was inspired by the manner in which Emmanuel Faber, a champion of purpose and profit, was ousted from his post of CEO at Danone. 4 weeks Sustainability And The Downfall Of Danone CEO Faber (1/2) Forbes Danone CEO Emmanuel Faber will enter history as one of the leading executives promoting stakeholder capitalism and centering core business units around ESG objectives. Indeed, Antoine Riboud, the first Danone Chairman and CEO, said ⦠Danone sought to calm the acrimony on March 2 by announcing that it would split the chairman and chief executive roles held by Faber and begin to look for a new CEO. The research charts attitudes to personal and planetary health, as well as growing demand for a âfairerâ food system coming out of the COVID-19 pandemic. âHis vision and commitment to âone planet one healthâ are ahead of the industry and have ensured that Danone is a world leader on sustainability. Poison pill mechanisms, tied to the third party verified sustainability (time ⦠Davisâs most recent stint was as senior advisor to Danone CEO Emmanuel Faber to help him push the Paris-based giant to the forefront of the sustainability revolution in the food and beverage industry. Yesterday, Danone handed Faber a raspberry-yogurt-colored slip, abruptly terminating him completely from his position at the company. Former Danone CEO Emmanuel Faber . âI have tremendous regard for Danoneâs history and its contribution to society through its world-leading healthy food and beverages and commitment to sustainability.â As for the interim chief executives, Penchienati-Bosetta is currently Danoneâs international CEO and Grant is ⦠Danone said Schnepp and the governance committee will oversee the search to ensure a âworld leading CEOâ is found. Activist shareholders demanded Danone to sell a low-profit margin business representing 15% of revenues, a separation between the CEO and board chairman position, and halt its restructuring efforts. Were the activist demands fair? TABLE OF CONTENT 01 03 02 One Planet ... CEO Message 4 Highlights6 Danone SN Indonesia Sustainability Report 2017-2018 2. The groupâs middle name is important, too: âThe belief that the health of people and the health of the planet are connected and interdependent is an integral part of Danone as a group, and it is an integral part of our DNA as an investor,â says Marcel, noting that CEO Emmanuel Faber has made this explicit âmanifestoâ an emphasis of his tenure, which began in 2014. The decision follows pressure from investors for Danoneâs board of directors to reconsider the companyâs strategy and governance. Accenture provides the tools, technology, and methodologies to help businesses create the sustainability ledger alongside the financial ledger, from CEO ⦠SUSTAINABILITY. Our mission is to bring health through food to as many people as possible, in a sustainable way. Gillian has some fascinating and occasionally strident views. Do share with us about your career at Danone. Danone Manifesto Ventures in 2017 led a $30 million capital growth round in the company, alongside Mousse Partners and other investors. Jesper Brodin, CEO, IKEA Group. 02-Mar-2021 - Last updated on 02-Mar-2021 at 10:36 GMT. Now the company is separating the roles and Mr. Faber will continue as non-executive chairman once a new CEO has been hired. LinkedIn. Was Danone CEO Emmanuel Faber Forced Out For Being Too Sustainable? 4 Mins Read. See Emmanuel Faber's compensation, career history, education, & memberships. Major developments have set a promising tone for Danone's medium-term future. CEOâs departure shows need to marry sustainability with profitability . Danoneâs (DANO.PA) next CEO could follow a sharper financial recipe. In March, Danoneâs CEO Emmanuel Faber was let go from his position, a decision the French multinational food giantâs board made under pressure from shareholders. His appointment follows a ârigorous selection processâ to replace Emmanuel Faber, who departed the company in March. Published 04-27-17. Emmanuel Faber, Danone CEO, has laid down his companyâs new sustainability story in an article published on Linkedin. May 18th, 2021. Danone CEO Emmanuel Faber. ISSUE #67 â In our interview with a Patron Member, Pascal de Petrini (pictured below), Chairman at Danone Asia, shares with us about his career, the companyâs strategy and its latest activities in Asia Pacific. Mark Desjardine is a researcher at Penn State University specialized in ⦠As for the interim chief executives, Penchienati-Bosetta is currently Danoneâs international CEO and Grant is CEO for North America. Danone appointed director Gilles ⦠By early March, Danone thought it had a solution that would end the fight with activists. Listen now (46 min) | Joining me to make sense of the recent dramatic exit of Emmanuel Faber from Danone following a hedge fund attack, are two leading lights of the sustainable business space. 2011 2012 2013 2012 2018 Changed its name to PT Sarihusada Generasi Mahardhika PT NIS launched the But the French dairy giantâs structure â combining the CEO and Chairman roles â has raised some concerns about the G in ESG. Together, we are committed to making an impact on the world. . There is scope for a new CEO to manage these assets better, paving the way toward a recovery. It was well known that ⦠Barry Callebaut CEO Antoine de Saint-Affrique has been named the new CEO of Danone, effective Sept. 15. The process to recruit a new CEO has been launched and once complete, current chairman and CEO Faber will focus on his role as non-executive chairman. Danoneâs CEO had to leave his position under the pressure of increasingly powerful and influential activist hedge funds. Create a positive social impact for everyone across the IKEA value chain. We also have more than a dozen manufacturing facilities across North America. Saint-Affrique had announced on April 22 he was stepping down as CEO of Swiss chocolate maker Barry Callebaut at the end of August, fuelling speculation he could be headed for the top job at Danone. Danone picks industry veteran to replace ousted CEO. He succeeds the joint interim leadership of Véronique Penchienati-Bosetta and Shane Grant. Danone aimed to reach 50% of renewable electricity by 2020 and 100% by 2030. It is far from clear how these sustainable initiatives will be integrated from now on by new management. Could a more purpose-driven market environment have saved CEO Faber? One Health are ahead of the industry and have ensured that Danone is a world leader on sustainability. Mr. de Saint-Affrique joins Danone from global chocolate maker and cocoa processor Barry Callebaut, where he was CEO since 2015. As the group comes under pressure from activist shareholders, will Emmanuel Faberâs decision to step back from the post of Chief Executive ⦠Véronique led Danoneâs growth & innovation in e-commerce, leading to a doubling of sales from 2017 to 2020, and oversaw a 40% increase in innovation-led initiatives. When Danoneâs chief executive and chairman Emmanuel Faber announced his plan to make the company more sustainable, the decision was welcomed by many. Danone. CEO since 2017, Brodin insists that sustainability is a matter of survival in selling everything from bookshelves and couches to lingonberry jam and vegan hot dogs. Danoneâs CEO has been ousted for being progressive â blame society not activist shareholders March 19, 2021 9.52am EDT Arturo Bris , International Institute for Management Development (IMD) For our team, being a part of Danone North America is more than just a job. PARIS â Antoine de Saint-Affrique has been named chief executive officer of Danone, effective Sept. 15. PARIS â Earlier this month it was announced that Danone was separating the roles of chairman and chief executive officer. It was well known that for the chief executive of Danone, whose brands include Actimel, Alpro and Evian, the goal was to balance purpose with profit. 4. UPDATE: March 15, 2021: Danone's board said Monday that Emmanuel Faber has stepped down as chairman and CEO at the maker of Activia yogurt and Evian bottled water. As a consequence, it has appointed Gilles Schnepp as Chairman of the Board with immediate effect. Sustainably Unsustainable. Faber, who took over as Danone CEO in 2014, was one of the most vocal advocates in business for a more responsible capitalism, where businesses serve the interests of shareholders, the environment, its partners in the supply chain and ⦠Danone aimed to reach 50% of renewable electricity by 2020 and 100% by 2030. Emmanuel Faber out at Danone. Danoneâs board has appointed Véronique Penchienati-Bosetta, currently CEO International, and Shane Grant, currently CEO North America, to jointly lead the business while the search for a new CEO continues. With the latest transaction, it acquires a ⦠As a consequence, it has appointed Gilles Schnepp as ⦠FoodNavigator hears from Danone Chief Growth Officer, Nigyar Makhmudova, to learn more. Danoneâs board of directors bowed to pressure from activist investors and announced that Emmanuel Faber â Chairman and former CEO â will leave the company with immediate effect. He leaves Danone with a strong platform from which to accelerate and grow. First, the Board has decided that Emmanuel Faber will step down as Chairman and CEO. Danone is a global company with an inspiring mission, "bringing health through food to as many people as possible". For this case, we focus on our water pillar. Climate Action Summit in September 2019. What Its CEO Says About Health Food and Having a Mission.
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