Danone to Undergo Strategic Changes
The French food conglomerate said Monday it would name departing finance chief - Cecile Cabanis non-executive Chairman of the board, and appoint three new independent board members in an attempt to improve its management.
Danone said it was setting up a strategy committee to monitor the progress of its global plan to adapt its business to the coronavirus crisis - a valid move, encouraging its new idea of "a phase of active dialogue with shareholders”.
The strategic change follows the company’s last month’s comment on plans to cut 2,000 jobs, trim product ranges and reorganize global business to become more flexible, given the negative effects of COVID-19.
*The products advertised are only available to clients under Fondex Limited Seychelles (SDL No: SD037).
Cookies on Fondex
These cookies fall under the following categories: essential, functional and marketing cookies. Marketing cookies may also include third-party cookies.
You can customize your selection of which cookies you want to accept.
These cookies are necessary for the website to function correctly and cannot be switched off.
Functional cookies allow the website to remember users' preferences and the choices you make on the website such as username, region, and language.
The Company would like to inform you that it will terminate its operations under the "Fondex" brand by 30th of December 2022. If you wish to open a trading account, kindly visit topfx.com.sc