Danone Board Proposes Michel Landel as Lead Independent Director
15 Dicembre 2017 - 09:24AM
Dow Jones News
By Anthony Shevlin
Danone SA (BN.FR) said late Thursday that its board of directors
has proposed the appointment of Sodexo SA (SW.FR) chief executive
Michel Landel as lead independent director as from April 26,
2018.
The French company said it will request shareholder approval for
the appointment of Mr. Landel as a board member at its next
shareholders meeting.
The board also decided that following such an appointment, Mr.
Landel would be appointed lead independent director and chairman of
the nomination and remuneration committee, said Danone.
He will replace Jean Laurent who won't stand for reelection at
the end of his current term of office.
Mr. Landel, who is also chairman of the executive committee of
Sodexo, began his career at Chase Manhattan Bank and Groupe Poliet,
before joining Sodexo more than 30 years ago. He has served as
chief executive at Sodexo since 2005 and will step down at the next
annual shareholders meeting on Jan 23, 2018.
Danone said that as lead independent director, Mr. Landel will
oversee the running of the company's governance structure.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
December 15, 2017 03:09 ET (08:09 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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