Danone To Combine Functions Of Chairman, CEO
by Sarah Sloat, MarketWatch
Posted: 2017-10-24 15:51:16 EST

Danone SA BN said Wednesday that its Chief Executive Office Emmanuel Faber will also serve as company chairman as of Dec. 1.

The company's board of directors unanimously voted to combine the functions, Danone said. As chairman, Mr. Faber succeeds Franck Riboud, who becomes honorary chairman.

Mr. Riboud said the change is a result of a planned leadership transition that he initiated three years ago.

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