Activist investor Artisan Partners to meet Danone board members next week By Reuters

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© Reuters. FILE PHOTO: Company logos are seen on products displayed ahead of French food group Danone’s annual results presentation 2019 in Paris

PARIS (Reuters) – US investment company Artisan Partners (NYSE :), which is pressuring France’s Danone to reorganize its management amid criticism of weak returns, will meet with several members of its board next week. said a source close to the matter. on Sunday. The source spoke after French newspaper Le Journal du Dimanche said Artisan Partners would meet on Tuesday afternoon with Danone’s elected senior independent board member Gilles Schnepp, the board’s senior independent director Michel Landel, and possibly some other members of the Danone board. Danone, the world’s largest yogurt group, which reports its 2020 earnings on Friday, February 19, could not immediately be reached for comment. Earlier this week, Artisan Partners, which said it had accumulated a more than 3% stake in Danone, making it the third-largest shareholder, criticized the company’s strategy and share price performance in a letter it made. demanding that Danone split the roles of CEO and president. The move follows similar demands by activist investor Bluebell, who has not disclosed his involvement, but last month asked Danone president and CEO Emmanuel Faber to step down. (This story has been resubmitted to correct a typo in the title)

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