Reuters reports that Danone said on Monday Emmanuel Faber would step down as chairman and CEO, replaced immediately by Gilles Schnepp as non-executive chairman. Veronique Penchienati-Bosetta and Shane Grant will serve as CEO and deputy CEO on an interim basis.
The maker of Activia yoghurt faced growing calls from some shareholders to replace Faber, 57, who became chief executive in 2014 and chairman three years later.
To try to appease critics, Faber said in early March he would relinquish his role as CEO but stay on as chairman.
