Market

Danone to name Barry Callebaut’s Saint-Affrique as CEO on Monday: report By Reuters

© Reuters. FILE PHOTO: A company logo is seen on a product displayed before French food group Danone’s 2019 annual results presentation in Paris, France, February 26, 2020. REUTERS/Christian Hartmann/File Photo

PARIS (Reuters) – Danone’s board is due to meet on Monday to approve former Barry Callebaut boss Antoine de Saint-Affrique’s nomination as chief executive, Le Figaro newspaper reported on Sunday.

De Saint-Affrique announced on April 22 he was stepping down from Swiss chocolate maker Barry Callebaut at the end of August, sparking speculation he would be a top candidate to take over at Danone.

Danone did not respond to requests for comment.

The yoghurt maker is looking to replace Emmanuel Faber, who was ousted in March after activist shareholders took aim at the company and its recent performance compared to peers in the food industry.

Several people close to the matter have previously told Reuters that De Saint-Affrique was one of the people in the running for CEO, and one said he was the front-runner for the job.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button