1. Danone’s Third-Biggest Shareholder Calls for Management Shake-Up

    Danone’s Third-Biggest Shareholder Calls for Management Shake-Up

    Danone came under renewed pressure to shake up its management on Thursday, after a second shareholder criticized the French food and drinks group’s share price performance and urged it to split the chairman and chief executive roles, which are jointly held by Emmanuel Faber...

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    1. Our plan is based on fundamental, long-term growth and value creation. It is not based on financial engineering, a breakup of the business or the sale of the company. It is designed to grow the value of the company for all stakeholders over the medium to long term.
    2. Danone is beginning yet another reorganization involving a new structure that has not proven successful at other global food companies.
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