Danone Rejigs Leadership Structure

Studio changeable of a Danone marque activia yogurt connected a inheritance pinch grass. Credit: PHILIPPE MONTIGNY/Shutterstock.com.

Danone has made changes to nan measurement nan French group organises its activity geographically.

The nutrient and drinks awesome is moving from 5 operating “geographies” to 3 to springiness nan institution “even greater attraction and agility”, CEO Antoine de Saint-Affrique said.

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From January, Danone will tally its operations done nan 3 regions of EMEA, Asia Pacific and nan Americas.

The Activia shaper operates done 5 regions of Europe, Latin America, North America, AMEA (Asia, Middle East, and Africa) and a mixed China, northbound Asia and Oceania business.

In a connection issued coming (26 August), nan Evian bottled h2o owner said nan reorganisation will amended its “agility and marketplace impact”.

The caller building sees Pablo Perversi, Bruno Chevot, and Henri Bruxelles appointed arsenic presidents of Danone’s operations successful EMEA, APAC and nan Americas, respectively from nan commencement of nan year.

All 3 will study to Véronique Penchienati-Bosetta, 1 of 2 lawman CEOs astatine Danone. She is responsible for geographies and categories.

Bruxelles will besides clasp his responsibilities for associated ventures and partners, Danone said.

Christian Stammkoetter, nan president of Danone’s AMEA business, will depart from Danone aft 19 years to prosecute a “new challenge”.

“As portion of nan adjacent section of our Renew Danone strategy, we person decided to further accelerate our transformation, pinch a much compact and simpler organisation astatine nan apical of nan company,” de Saint-Affrique said.

The Danone CEO launched his alleged Renew strategy successful 2022 to amended nan company’s business performance.

Last year, nan Alpro shaper generated income of €27.4bn, which represented a like-for-like summation of 4.3%. Recurring underlying EPS grew 2.5% to €3.63.

Free rate travel was €3bn for nan 2024 financial year, up €400m from nan anterior year.

“We want to move to nan beforehand ft connected acquisitions,” de Saint-Affrique said successful February erstwhile Danone announced its 2024 results.

Notably, nan institution has been successful a drawn-out process to effort and afloat get Lifeway Foods since past September, erstwhile it sought to increase its 23% number stake.

The US institution rejected nan connection successful November earlier nan Paris-headquartered institution upped its price, only to be turned down again.

Earlier this month, Danone signed an NDA pinch Lifeway Foods to let it to measurement up whether to make different bid for nan US kefir business.

The position of nan NDA “restrict nan expertise of Danone” to publically make further acquisition proposals, effort to region anyone from Lifeway’s committee aliases participate successful immoderate consent inducement not recommended by nan US company.