03 Sep 2014 --- On September 2, 2014, on the recommendation of Chairman and CEO Franck Riboud, Danone’s Board of Directors voted to separate the functions of Chairman and CEO and to appoint Emmanuel Faber as CEO, with Franck Riboud remaining as Chairman of the Board. As part of this new governance structure, Bernard Hours’ mandate as Co-COO was terminated and the Board thanked him warmly for his contribution to Danone’s success over the past 30 years.
