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Danone Adds Management Positions, Begins Review Of Portfolio

October 19, 2020: 12:00 AM EST
Determined to stick to its strategic goal of three to five percent profitable growth in the midst of the coronavirus pandemic, the Paris-based food and beverage company is creating two new “macro-regional” chief executive officers, a new chief operating officer, and a new chief financial officer. Véronique Penchienati-Bosetta and Shane Grant were appointed macro-regional chief executive officers of Danone International and Danone North America, respectively. Henri Bruxelles was appointed COO of end-to-end design to delivery, a new position. Cecile Cabanis will retire as executive vice-president of finance, technology and data, cycles, and procurement in February 2021, and will be replaced by Juergen Esser, CFO of Danone’s Waters and Africas divisions. The company will also begin a review of assets where performance is not aligned with the rest of the business. The review will start with the company’s operations in Argentina and the Vega brand. [Image Credit: © Danone S.A.]
Keith Nunes, "Danone making management changes, conducting portfolio review", Food Business News, October 19, 2020, © SOSLAND PUBLISHING COMPANY
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