Danone shares edge up as Faber drops CEO role after investor pressure

Danone shares edge up as Faber drops CEO role after investor pressure

The Edge Markets - World·2021-03-03 05:06

PARIS (Mar 2): Danone’s shares edged up on Tuesday after the French food group split the chairman and chief executive roles held by Emmanuel Faber and launched a search for a new CEO following calls from several shareholders to shake up governance.

Shares in Danone, the world’s biggest yoghurt maker and whose brands include Evian and Actimel, were up 0.6% in early trade.

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