Danone's CEO has been ousted for being progressive – blame society not activist shareholders
- Written by Arturo Bris, Professor of Finance, International Institute for Management Development (IMD)
Mmmmmm. Il.studioDanone’s 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.
They blame Faber for “a...