Danone sacks chairman after investor onslaught ...Qatar

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Danone sacks chairman after investor onslaught
Danone said yesterday it had dismissed its chairman after months of complaints from foreign shareholders about the French food and drinks giant’s underperforming share price. Activist investors took aim at Emmanuel Faber, who became Danone’s boss in 2017, and his management team, demanding his departure and a revamp at the top as the company struggles to plot a post-Covid recovery strategy. Danone is a household name mostly for its eponymous yogurts and other dairy products, but its business portfolio also includes waters, baby foods and medical nutrition. Last month, US fund Artisan Partners said it had built up a sizeable stake in Danone in the hope of prompting strategy and personnel cha

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