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Danone S.A. is a multinational food-products corporation headquartered in Paris, France. The company focuses on dairy, water, baby nutrition, and medical nutrition products. Danone is known for its commitment to sustainability, health, and innovation. With a strong global presence and a diverse product portfolio, Danone continues to thrive in the competitive food industry.Danone announced the appointment of Valérie Chapoulaud-Floquet to its Board of Directors, effective March 1, 2022, following Isabelle Seillier's resignation for personal reasons. This change is part of a broader Board overhaul intended to renew the entirety of the Board by 2023, excluding the Chairman, CEO, and two employee representatives. Gilles Schnepp, Chairman, highlighted Chapoulaud-Floquet's extensive FMCG expertise. The company aims to strengthen its governance and will propose additional new directors ahead of the 2022 Shareholders’ Meeting.
Danone has released an update in compliance with Article L. 233-8 II of the French Commercial Code regarding its total number of shares and voting rights.
As of November 30, 2021, Danone has a total of 687,682,489 shares, with a theoretical voting rights total of 713,002,377. The number of exercisable voting rights stands at 663,405,999.
This information is intended to keep shareholders informed about major corporate governance aspects.
Danone has announced the sale of Aqua d'Or, its Water and Beverage business in Denmark, to Royal Unibrew, a Danish brewing and beverage company. This decision is part of Danone's strategic portfolio review aimed at optimizing capital allocation. The transaction's closing is subject to customary conditions. Danone, committed to health-focused practices and sustainability, generated €23.6 billion in sales in 2020 and aims for B Corp certification by 2025.
DANONE recently published a report detailing the total number of shares and voting rights as of October 31, 2021. The company has a total of 687,682,489 shares. In terms of voting rights, the total theoretical voting rights amount to 713,088,056, while the total exercisable voting rights stand at 664,231,103. This information complies with Article L. 233-8 II of the French Commercial Code and the AMF regulations, ensuring transparency for shareholders.
Danone has successfully issued a €700 million bond with a 9-year maturity and a coupon rate of 0.52%. This initiative is part of Danone's strategy to enhance funding flexibility and extend debt maturity. The bond is set to settle on November 9, 2021, and will be listed on Euronext Paris. Investor demand was strong, reflecting confidence in Danone's business model. The company holds a BBB+ rating from Standard & Poor’s and Baa1 from Moody’s, both with a stable outlook. Danone aims for B Corp™ certification by 2025 and generated €23.6 billion in sales in 2020.
Danone has appointed Roberto Di Bernardini as the new Chief Human Resources Officer and a member of the Executive Committee, effective November 29, 2021. Reporting directly to CEO Antoine de Saint-Affrique, Di Bernardini brings over 30 years of international HR experience from companies such as Banco Santander, Johnson & Johnson, and Colgate Palmolive. His expertise in strategic HR functions and company culture aims to enhance Danone's workforce and talent strategies, furthering the company's objectives.
In the third quarter of 2021, Danone reported net sales of €6,158 million, marking a +3.8% increase on a like-for-like basis and +5.8% on a reported basis. This growth was driven by all categories, with notable performances in Essential Dairy and Plant-based (EDP), Specialized Nutrition, and Waters. Despite ongoing inflation and supply chain pressures, the company reiterated its full-year guidance, expecting a return to profitable growth in the second half of 2021. The CFO emphasized the brand's strengths and the importance of pricing strategies to mitigate inflation impacts.
DANONE has released an update regarding its total number of voting rights and shares as of September 30, 2021. The company reported a total of 687,682,489 shares, with a total of 713,389,265 theoretical voting rights. The total number of exercisable voting rights stands at 688,078,412, which excludes shares with suspended voting rights. This information complies with French regulations aimed at ensuring shareholder transparency.
Bertrand Austruy, Chief Human Resources Officer and General Secretary of Danone, announced his resignation after over 20 years with the company.
Laurent Sacchi will succeed him as General Secretary starting October 1st. Austruy will remain in his position until a successor for the Chief Human Resources Officer role is named. CEO Antoine de Saint-Affrique praised Austruy’s dedication and impact on Danone’s social dialogue.
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