PARIS: The board of French food group Danone voted to oust Emmanuel Faber as chairman, Le Figaro newspaper reported, as the group tries to draw a line under a management crisis and growing pressure from shareholders.
Faber, who had recently said he would relinquish his role as CEO but stay on as chairman to try to appease critics, will be replaced by recently appointed director Gilles Schnepp in the top job, Le Figaro said. Danone and Faber could not immediately be reached for comment.
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