Skip to Content

Danone SA ADR DANOY

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Danone Proceeds to Corporate Governance Changes Amid Mounting Pressure From Activist Investors

Analyst Note

| Ioannis Pontikis, CFA |

On March 1, Danone announced the separation of CEO and chairman roles, which will be effective upon the appointment of a new CEO. Emmanuel Faber will focus on his role as nonexecutive chairman once the process is complete. In addition to Danone’s announcement in December 2020 regarding the composition of its board of directors, the group decided to appoint Gilles Schnepp as vice chairman, together with Cecile Cabanis (former CFO) and assign the lead independent director and chairman of the governance committee roles to Jean-Michel Severino, a long-time (10-year) member of the board. This follows pressure from two activist investors calling for chairman and CEO Emmanuel Faber to be replaced on the back of a disappointing performance versus peers in recent years.

Read Full Analysis

Company Profile

Business Description

Following the acquisition of WhiteWave, Danone restructured the firm into three broad segments: essential dairy and plant-based products, which represents just over half of group revenue; specialised nutrition; and bottled water. The firm's portfolio includes well-known brands such as Danone/Dannon dairy products, Nutrilon and Cow & Gate infant nutrition, and Evian and Volvic bottled water. Danone derives about 60% of its annual sales outside Western Europe, up from about just one third in 2001.

Contact
17, Boulevard Haussmann
Paris, 75009, France
T +33 144352020
Sector Consumer Defensive
Industry Packaged Foods
Most Recent Earnings Jun 30, 2006
Fiscal Year End Dec 31, 2020
Stock Type
Employees 102,449

Related