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  • Danone Manifesto Ventures invests in Kona DeepTM, a new brand of deep ocean bottled water naturally rich in electrolytes
    Danone Manifesto Ventures invests in Kona DeepTM, a new brand of deep ocean bottled water naturally rich in electrolytes
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  • Danone reaffirms climate commitment
    Danone reaffirms climate commitment
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    Danone strengthens Corporate Governance and Management Organization
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Our Governance

At Danone, governance is an integral part of our corporate structure and operations — a long-term commitment rooted in shared responsibility.

GOVERNANCE THAT ADDS VALUE

At Danone, governance is an integral part of our corporate structure and operations — a long-term commitment rooted in shared responsibility. It organises the relationships between the various company bodies. Governance includes all of the procedures, rules and structures that are used to ensure the transparency of the company’s operations and the balance of power between shareholders, Directors, executives, employees, suppliers and customers.

Governance is vital to sound management and its role is strategic, ensuring not only regulatory compliance but also the vitality of the business model, its vision and its ambitions. For Danone, governance is based on the implementation of an effective decision-making process, on steering involving all of the company’s stakeholders and on a system of assessment.

It is structured around three basic principles:

  • Efficient corporate governance through an expert, independent and diverse Board of Directors,
  • Health and nutrition governance that reflects Danone’s priorities and ambitions in these areas, and
  • Social governance that firmly places Danone’s social and societal responsibility at the heart of its management and strategy.

 

THE EXECUTIVE COMMITEE

Sharing the same vision, driving the same strategy

EMMANUEL FABER

CEO and Vice Chairman of the Board of Directors

Bertrand Austruy

Executive Vice President, Human Resources and General Secretary

Bertrand Austruy

Executive Vice President, Human Resources and General Secretary

Born in 1973, in France

Business address:

17, boulevard Haussmann – 75009 Paris – France

Function:

General Secretary as of January 1, 2015

and Executive Vice President Human Resources, as of March 1st 2017

Arrived at Danone : 2001

Personal background – experience and expertise

Bertrand Austruy began his career in 1997 as a business attorney in Paris.

In 2001, he joined Danone's Fresh Dairy Products France unit as General Counsel, before being appointed General Counsel Asia-Pacific in 2003. In 2007, he returned to France as General Counsel International Business and Partnerships. In 2010, he was named General Counsel of the company.

In January 2014, Bertrand Austruy was appointed General Counsel and Vice President Product Compliance and Food Safety.

January 2015, he is General Secretary and member of the Executive Committee.

In March 2017, besides his role as General Secretary, Bertrand Austruy has been appointed EVP, Human Resources.

In October 2017, he also takes the leadership of the Danone Business Services (One Danone).

Cécile Cabanis

Executive Vice President, Chief Financial Officer, IS/IT, Cycles & Procurement

Cécile Cabanis

Executive Vice President, Chief Financial Officer, IS/IT, Cycles & Procurement

Born in 1971, in France

Business address:

17, boulevard Haussmann – 75009 Paris – France

Function:

Executive Vice-President, Chief Financial Officer, as of January 1, 2015

Executive Vice-President, Strategy and Information Systems, as of March 1st 2017, and Cycles and Procurement, as of October 2017

Arrived at Danone: 2004

Personal background – experience and expertise

Cécile Cabanis began her career in 1995 with L'Oréal in South Africa as Logistics Manager and Financial Controller before moving to France as Internal Auditor. In 2000, she was appointed Deputy Director Mergers & Acquisitions at France Télécom.

Cécile Cabanis joined Danone in 2004, and has served in a range of key positions in finance, including Corporate Finance Director, then head of Business Development. In 2010 she was appointed Vice President Finance for the Fresh Dairy Products division.

Since February 2015, she is Chief Financial Officer and member of the Executive Committee.

In March 2017, besides her responsibility as EVP Chief Financial Officer, and Strategy, Cécile Cabanis takes the leadership for Information Systems and Information Technology (IS/IT).

In October 2017, Cécile Cabanis adds Cycles, Procurement and Nature Sustainability to her scope of responsibility and becomes EVP, Chief Financial Officer, IS/IT, Cycles & Procurement.

Cécile Cabanis is also member of the Board of Directors and Audit Committee of Schneider Electric

 

 

 

 

Francisco Camacho

Executive Vice President, Essential Dairy and Plant-Based

Francisco Camacho

Executive Vice President, Essential Dairy and Plant-Based

Born April 10, 1965, in Mexico

Business address:

17, boulevard Haussmann – 75009 Paris – France

Function:

Executive Vice President, Essential Dairy and Plant-Based, as of October 2017

Arrived at Danone: 2000

Personal background – experience and expertise

Francisco Camacho holds a degree in Computer Engineering and an MBA from Tecnologico de Monterrey (ITESM) in Mexico. He started his career at Procter & Gamble where he rose through a series of marketing positions in Mexico and Latin America. In 1998, he joined Revlon and held senior management positions in Venezuela, Chile, Brazil and Mexico.

In 2000, Francisco Camacho joined Danone as head of Bonafont, the Waters division subsidiary in Mexico. He was in charge of Evian North America in 2002 and Danone Argentina in 2004, and in 2007 became General Manager of the region comprising Argentina, Chile and Uruguay. In 2009, he managed Latin American business for the Fresh Dairy Products division.

Since 2011, Francisco Camacho is Executive Vice-President for the Waters division and member of the Executive Committee.

In March 2017, besides his responsibility for the Waters category, Francisco Camacho is appointed Growth & Innovation Officer and takes the leadership of a new integrated team that brings together R&D, Quality, Innovation, Digital, Marketing and Customers’ relationship.

In October 2017, Francisco Camacho is appointed Executive Vice President, Essential Dairy and Plant-Based.

Henri Bruxelles

Executive Vice President, Waters and Africa

Henri Bruxelles

Executive Vice President, Waters and Africa

 

Function:

Executive Vice President, Waters and Africa, as of October 2017

Arrived at Danone: 1987

Personal background – experience and expertise

Henri Bruxelles started his career at Danone in 1987 where he had several assignments in Marketing in Germany, France, Spain and Brazil as VP Marketing for Danone Brazil in 1998.

In 2002, he was appointed VP Marketing of Danone France and in 2004, VP Marketing of the Dairy WWBU. Then in 2008, he was nominated Chief Marketing Officer of Danone.

In 2010, he was appointed General Manager of Danone Portugal and, in 2013, General Manager of Danone Argentina.

In May 2015, Henri Bruxelles became Regional VP Waters Latam.

In October 2017, Henri Bruxelles joined the Executive Committee as EVP, Waters and Africa.

Bridgette Heller

Executive Vice President, Early Life Nutrition and Advanced Medical Nutrition

Bridgette Heller

Executive Vice President, Early Life Nutrition and Advanced Medical Nutrition

Born on August 30, 1961, in the United States

Business address:

Schipol Boulevard 105, 1118 BG Schipol - The Netherlands

Function:

Executive Vice President Early Life Nutrition, as of July 1st 2016

and Executive Vice-President, Advanced Medical Nutrition, since July 1st, 2017

Arrived at Danone: July 2016

Personal background – experience and expertise

Bridgette Heller started her career at Kraft Foods in 1985. She spent seventeen years in the company, including Executive Vice President and General Manager for the North American Coffee portfolio. In 2005, Bridgette Heller joined Johnson & Johnson as Global President for the Baby Global Business Unit. Ultimately Bridgette Heller became Executive Vice President & President, Consumer Care, for Merck & Co in 2010.

Bridgette Heller is an American citizen. She received an MBA from the J. L. Kellogg Graduate School of Management at Northwestern University and received her B.A. from Northwestern University.

She serves on the Board of Directors of TechData Corporation.

In July 2016, Bridgette Heller is appointed EVP for Early Life Nutrition, and she also takes the leadership of Advanced Medical Nutrition in July 2017.

In October 2017, Bridgette Heller takes the responsibility for Access and Danone Communities in addition to her current responsibilities. She also becomes co-leader of the Protein program together with Cécile Cabanis.

THE BOARD OF DIRECTORS

A place for exchange and strategic leadership


Danone’s Board of Directors is appointed by the shareholders and consists of 15 members tasked with supervising the management of the company and contributing to its strategic direction. To carry out its mission, the Board of Directors must be expert, independent and diverse in its composition.

As of April 28, 2016:

Composition of the board of directors

As of April 28, 2016 the 15 members of the board of directors are:

 

 

Independence

A 77% rate of independence: between 2010 and 2015, the Board of Directors’ rate of independence increased from 43% to 77%. Danone rigorously applies all the criteria of the AFEP-MEDEF Code with regard to the independence of its Directors: “a Director is considered to be independent when he/she has no relationship of any type with the Company, its Group or its management that could compromise his/her ability to freely exercise his/her judgment”. Today, the rate of independence of Danone’s Board of Directors is much higher than that recommended by the AFEP-MEDEF Code (which is 50%).


The nine Independent Directors are:


Jacques-Antoine Granjon, Jean Laurent, Gaëlle Olivier, Benoît Potier, Mouna Sepehri, Jean-Michel Severino, Virginia Stallings, Serpil Timuray et Lionel Zinsou-Derlin.

 

The five Directors who are not considered to be independent are:


Emmanuel Faber in his capacity as CEO of Danone;

Franck Riboud in his capacity as Chairman of the Board of Danone;

Bettina Theissig and Fréderic Boutebba in their capacity as Directors representing Danone's employees;

Isabelle Seillier, an executive with the J.P. Morgan Chase banking group, one of the banks with which Danone regularly does business. Various measures have been put in place to ensure that the company is able to manage any potential conflict of interest linked to Isabelle Seillier’s responsibilities.

 


Modification in the Board of Directors'composition as of 29th April 2015


The Board of Directors includes a Lead Independent Director, Mr. Jean LAURENT, who was appointed by the Board of Directors on February 18, 2013 upon recommendation of the Nomination and Compensation Committee.

As its meeting on 19th February 2015, given Jean Laurent's record as Lead Independent Director, the Board of directors decided to extend his appointment as Lead Independent Director.

The Board of Directors of February 19, 2015, upon the recommendation of the Nomination and Compensation Committee, also acknowledged the wish of Mr. Richard Goblet d'Alviella not to seek renewal of his term.

In addition, the April 29, 2015 Shareholders’ Meeting approved the appointment of Mrs Serpil Timuray as new member of the Board of Directors for the three-year period set forth in the by-laws.