Danone : Emmanuel Faber remains CEO & chairman …for the time it takes to find a new CEO. The choice of stability
>Separation of functions with no major upheaval - The governance crisis that has been ongoing for the last four months or more has fuelled the prospect of a departure of Emmanuel Faber and buoyed a re-rating for the share, which is trading at a P/E and an EV/EBITDA of 17x and 12x, respectively. The board’s decision yesterday evening to maintain Emmanuel Faber in his role as chairman and CEO for the time it takes to find a new CEO comes as no surprise to us but might d...Danone is engaged in activities in the global food and beverages industry. Co. operates in four markets: Fresh Dairy Products (Co. produces and sells yogurts, fermented dairy products and other fresh dairy products); Waters (Co. produces and sells natural waters as well as flavored and vitamin-enriched waters products); Early Life Nutrition (Co. produces baby formula, milk-and fruit-based desserts, cereals, small pots of baby food and ready-made baby food); and Medical Nutrition (Co. develops adult and pediatric clinical nutrition products to be taken orally, or through a catheter in the event of malnutrition related to illness or other causes).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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