Change at the top at Danone
Shares in Danone rose as the market reacted to the announcement of a change at the top of the French food group. After 18 years at the helm, Franck Riboud is to step down as...
Franck Riboud is to step down as CEO of Danone after 18 years at the helm of the French food giant. just-food takes a look at the highs and lows of Riboud's tenure.
Franck Riboud is to step down from his role as Danone's CEO, with his deputy Emmanuel Faber to take the job.
French dairy giant Danone has insisted it is not mulling a radical overhaul of strategy as it battles issues at its European dairy and Asian early life nutrition businesses.
Danone today (25 July) reported a drop in half-year profits, hurt by weak dairy and baby food volumes, but the French group maintained its full-year targets.