Categories: Business

Danone’s Board of Directors proposes that Michel Landel be appointed as Lead Independent Director

The FINANCIAL — Following the Board of Directors held on December 14, Danone announces that it will request its shareholders to approve the appointment of Michel Landel as Board Member as from April 26, 2018, the date of its next Shareholders’ Meeting.

The Board of Directors also decided that following such appointment, Michel Landel would be appointed Lead Independent Director and Chairman of the Nomination and Remuneration Committee, replacing Jean Laurent who has decided not to stand for reelection at the expiration of his current term of office, according to Danone.

Michel Landel is currently CEO and Chairman of the Executive Committee of the global service leader Sodexo, which operates in 80 countries with 20 billion euros annual revenues and 425,000 employees worldwide, and is a member of the CAC40 and DJSI indices. He started his career with Chase Manhattan Bank and Groupe Poliet, before joining Sodexo more than 30 years ago. Mr Landel has held different positions in Sodexo, including positions in Africa and the US for more than 10 years, and has served as CEO and Chairman of the Executive Committee since 2005. He will step down at the next annual shareholders’ meeting of Sodexo on January 23, 2018 in order to take his retirement.

ADVERTISEMENT

During his tenure as CEO, Michel Landel has transformed Sodexo as the world leader in Quality of Life services, pursuing its international development, expanding its service offering beyond catering, and positioning Sodexo as corporate responsibility leader. His contribution to the performance of the company makes him one of the most respected business leaders; he was recently cited by the Harvard Business Review as one of the top-50 best performing CEOs in 2017.

Michel Landel will bring to the Board his extensive experience and expertise in the international consumer business environment and in change management. As Lead Independent Director, he will oversee the efficient running of the company’s governance structure. The Board has also decided to expand the duties and responsibilities of the Lead Independent Director with regards to setting the Board agenda and the engagement with shareholders. This evolution of governance will solidify the momentum of the new development phase that Danone has entered and enable the company to continue to execute on its transformation journey.

 

The FINANCIAL

Recent Posts

Russian Patriarch Kirill Says Dying In Ukraine ‘Washes Away All Sins’

Patriarch Kirill, head of the Russian Orthodox Church, has told his followers that "sacrifice in…

6 hours ago

Charity Foundation AI IA celebrates the new academic year with special event

Our group's social direction charity foundation AI IA . The team congratulated the little beneficiaries…

12 hours ago

Construction costs increased by 7.2 percent in Georgia

In the second quarter of 2022 the Construction Cost Index (CCI) increased by 7.2 percent…

14 hours ago

Ukraine says 57 200 Russian invaders died since 24.02.2020

According to he Ministry of Defence of Ukraine, the total combat losses of the enemy…

14 hours ago

Russian: Negative Assessments Prevail in Relation to the USA, the EU, Estonia and Ukraine

Negative assessments continue to prevail in relation to the USA, the EU, Estonia and Ukraine.…

14 hours ago

The situation in the occupied Crimea is catastrophic

  Ukrainians! Today we have great news. Maryana Mamonova, a combat medic, defender of Azovstal…

15 hours ago