PARIS (Reuters) – U.S investment company Artisan Partners (NYSE:) on Wednesday said Danone needed to appoint a new, independent chairman, adding more pressure on Emmanuel Faber who is the French food company’s current chairman.
This week, Danone said Faber – who until now has combined the CEO and chairman roles – would stay on as chairman and oversee the search for a new chief executive.
“With Mr. Faber as chairman, the incoming CEO will not have the appropriate latitude to set a new direction,” wrote Artisan, which has a stake of around 3% in Danone.
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