Danone:
Press release – Paris, March 15, 2023
Danone set to complete renewal of its
Board of Directors with the proposed appointment
of Sanjiv Mehta
Today, Danone announces that Sanjiv Mehta has
been proposed as an independent member of Danone’s Board of
Directors. If approved at Danone’s Shareholders’ Meeting on 27th
April, the appointment will mark the full renewal of the Board.
Mehta is currently CEO and Managing Director of
Hindustan Unilever Limited (HUL), a role he will leave on June 26,
2023. If approved, he will join Danone’s Board effective July 1,
2023.
He is a high-calibre executive with in-depth
knowledge of the consumer goods sector and diversified
international expertise, particularly on Asian markets.
Gilles Schnepp, Chairman of Danone’s
Board of Directors, said:
“The proposed appointment of Sanjiv Mehta is
another positive step forward for Danone, and will mark the swift
and full renewal of Danone’s Board.
“He has deep consumer goods and international
experience, which will add to the existing expertise across our
diversified team of leading experts spanning health, consumer
goods, ESG, and finance. I would like to thank him for
his engagement and look forward to working with him.
“Our Board is fully engaged and ambitious, with
the skills to further progress our strategic plan Renew Danone,
to create value for our shareholders and stakeholder
community. Danone’s history, product portfolio, and pioneering
spirit make us a one-of-a-kind company, and we are all dedicated to
supporting it on its path to sustainable, responsible performance
and growth.”
APPENDIX
Biography
Sanjiv Mehta, an Indian national, held several
management positions in finance, audit and sales at Union Carbide
from 1983 to 1992 before joining the Unilever Group in 1992. He has
worked for almost 31 years at Unilever, building recognized
expertise in the consumer goods sector while substantially
accelerating the growth and profitability of Unilever Group
companies. He has solid international expertise, including
knowledge of his field across countries in Asia and the Middle
East.
Mr. Mehta was appointed CEO and Managing
Director of Hindustan Unilever Limited (HUL) in 2013, and under his
leadership HUL significantly accelerated its performance, cementing
its leadership in the Indian consumer goods market while making a
major impact through its social and environmental initiatives. His
tenure as CEO and MD of HUL will end on June 26, 2023. Mr. Mehta is
currently the President Commissioner (non executive chairman) of
the listed company PT Unilever Indonesia Ptk and a Director of the
non listed company Air India Limited.
In addition, Sanjiv Mehta served as a
non-executive Director of the Bombay Chamber of Commerce and
Industry from 2015 to 2019 and was President of India’s largest
industry body, the Federation of Indian Chambers of Commerce and
Industry (FICCI) between 2021 and 2022. Mr. Mehta is also a member
of the Breach Candy Hospital Trust, a Director of the Indian School
of Business, and Chairman of Vikaasa, a coalition of Indian and
multinational companies that helps solve various intractable issues
facing India.
Composition of Danone’s Board of
Directors at July 1, 2023 (subject to the approval of shareholders
at the Annual General Meeting to be held on April 27,
2023).
Gilles Schnepp, ChairmanValérie
Chapoulaud-Floquet, Lead Independent Director Antoine de
Saint-Affrique, CEOFrédéric Boutebba, Director representing
employees Gilbert GhostineLise KingoPatrice LouvetSanjiv
MehtaGéraldine PicaudSusan RobertsBettina Theissig, Director
representing employees
Subject to shareholders’ approval, with effect
from July 1, 2023, the Board of Directors will have 11 members
(including two Directors representing employees). Of this total,
89% are independent, 56% are non-French, and 44% are women.
About Danone
(www.danone.com)Danone
is a leading global food and beverage company operating in three
health-focused, fast-growing and on-trend categories: Essential
Dairy & Plant-Based products, Waters and Specialized Nutrition.
With a long-standing mission of bringing health through food to as
many people as possible, Danone aims to inspire healthier and more
sustainable eating and drinking practices while committing to
achieve measurable nutritional, social, societal and environment
impact. Danone has defined its Renew strategy to restore growth,
competitiveness, and value creation for the long-term. With 100,000
employees, and products sold in over 120 markets, Danone generated
€27.7 billion in sales in 2022. Danone’s portfolio includes leading
international brands (Actimel, Activia, Alpro, Aptamil, Danette,
Danio, Danonino, evian, Nutricia, Nutrilon, Volvic, among others)
as well as strong local and regional brands (including Aqua,
Blédina, Bonafont, Cow & Gate, Mizone, Oikos and Silk). Listed
on Euronext Paris and present on the OTCQX market via an ADR
(American Depositary Receipt) program, Danone is a component stock
of leading sustainability indexes including the ones managed by
Vigeo Eiris and Sustainalytics, as well as the Ethibel
Sustainability Index, the MSCI ESG Indexes, the FTSE4Good Index
Series, Bloomberg Gender Equality Index, and the Access to
Nutrition Index. By 2025, Danone aims to become one of the first
multinational companies to obtain global B Corp™ certification.
- PR Sanjiv Mehta nomination- ENG - def
Danone (EU:BN)
Graphique Historique de l'Action
De Mai 2023 à Juin 2023
Danone (EU:BN)
Graphique Historique de l'Action
De Juin 2022 à Juin 2023
