Danone - DANOY STOCK NEWS

On January 18, 2023, Danone announced the appointment of three Group Deputy CEOs to enhance its leadership and drive the Renew Danone strategy. Véronique Penchienati-Bosetta will oversee Global Marketing, Digital, and Specialized Nutrition, while Shane Grant will lead the Americas and Global Dairy and Plant-Based initiatives. Juergen Esser is assigned to Finance, Technology, and Data. The company also reported the departure of two executives, Nigyar Makhmudova and Floris Wesseling. The new leadership structure aims to improve decision-making and execution speed, with changes effective February 1, 2023. Danone will adjust financial reporting accordingly.

Danone has announced a groundbreaking initiative to cut its methane emissions from fresh milk by 30% by 2030, making it the first food company to align its goals with the Global Methane Pledge. This plan aims to eliminate 1.2 million tons of CO2 equivalent methane by 2030 and builds on a 14% reduction achieved from 2018 to 2020. The company will partner with the Environmental Defense Fund to enhance reporting and advocacy for methane solutions. Danone's efforts, which include working with 58,000 farmers, address the 8% of total human-caused methane emissions arising from dairy production.

DANONE has disclosed its total number of shares and voting rights as of December 31, 2022. The company has 675,837,932 shares outstanding, with a total of 700,077,825 theoretical voting rights. The total number of exercisable voting rights stands at 663,847,824. This information complies with Article L. 233-8 II of the French Commercial Code and Article 223-16 of the Financial Markets Authority regulations. The announcement is part of regular disclosures to shareholders and regulatory bodies.

DANONE has disclosed its total number of voting rights and shares as of November 30, 2022. The total number of shares stands at 675,837,932, while the total theoretical voting rights are 700,083,982. The exercisable voting rights amount to 663,849,920.

This information is provided in compliance with French regulations, specifically Article L. 233-8 II and Article 223-16 of the AMF General Regulation, ensuring transparency for shareholders and the public.

As of October 31, 2022, Danone reported a total of 675,837,932 shares and 700,077,464 total theoretical voting rights. The exercisable voting rights stand at 663,843,402. These figures comply with the French Commercial Code and the AMF General Regulation, ensuring transparency in shareholding structures. The distinction between theoretical and exercisable voting rights is crucial for regulatory compliance and for understanding shareholder influences in corporate decisions.

In the third quarter of 2022, Danone reported a 19.1% increase in net sales, reaching €7.33 billion, with like-for-like (LFL) growth of 9.5%. Price increases contributed 10.9%, while volume/mix saw a decline of 1.4%. North America led growth with 11.2% LFL sales, while Europe reported 6.0%. The company upgraded guidance for full-year LFL sales growth to 7-8% from an earlier 5-6%. Danone initiated a process to transfer control of its EDP Russia business, which may lead to a write-off of up to €1 billion.

Danone announced plans to transfer control of its Essential Dairy and Plant-based (EDP) business in Russia to ensure long-term local business continuity. This decision follows that the EDP Russia business had contributed approximately 5% to Danone's net sales in the first nine months of 2022, alongside impacting like-for-like sales growth and recurring operating margin negatively. The transaction could entail a write-off of up to €1 billion and will require regulatory approvals, resulting in the deconsolidation of the EDP Russia business.

Danone has reported the latest update regarding its total number of shares and voting rights as of September 30, 2022. As of this date, the total number of shares stood at 675,837,932, while the total number of theoretical voting rights was 701,282,899, with 665,048,837 being exercisable. This disclosure is made to comply with the French Commercial Code and the regulations of the Financial Markets Authority (AMF).

Danone announced the addition of two senior leaders, Gilbert Ghostine, CEO of Firmenich, and Lise Kingo, former CEO of the UN Global Compact, to its Board of Directors. Gilbert will join on October 15 and Lise on December 1, succeeding Guido Barilla and Cécile Cabanis. Their appointments align with Danone's strategy for board renewal and aim to enhance expertise in consumer goods, health, nutrition, and sustainability.

Danone's efforts reflect its commitment to rejuvenate its governance to support the Renew Danone strategy.