Danone Appoints Antoine de Saint-Affrique As Chief Executive Officer

Wednesday, May 19th, 2021 | 603 Views

Danone has appointed Antoine de Saint-Affrique as Chief Executive Officer, effective September 15, 2021. The decision of tonight’s Board followed a rigorous selection process led by the Governance Committee. Antoine de Saint-Affrique will succeed the joint interim leadership of Véronique Penchienati-Bosetta and Shane Grant.

The Board of Directors also decided to propose Antoine de Saint-Affrique as a new member to the Board of Danone for appointment at the next annual shareholders’ meeting in April 2022.

Antoine de Saint-Affrique joins Danone from global chocolate maker and cocoa processor, Barry Callebaut, where he was appointed Chief Executive Officer in October 2015. Prior to Barry Callebaut, Antoine de Saint-Affrique held a series of senior executive positions at global consumer goods company Unilever, where he notably led the Foods division.

Antoine de Saint-Affrique has a degree in Business Administration from ESSEC Business School (1987), and a qualification in executive education from Harvard Business School. Since 2004, he has led the Marketing course at Mines ParisTech (Corps des Mines).

“The Board is confident that Antoine, together with the rest of the leadership team, will deliver sustainable value for shareholders, and all our stakeholders. Antoine’s proven ability to successfully deliver a purpose-led growth strategy in a sustainable way fits well with our Mission and long-term goals. He will have all the room and resources a CEO can have to best assess and direct Danone’s strategy for the future. In welcoming him, I would also like to thank Veronique and Shane, on behalf of the Board, for their diligence and support in the joint interim leadership of the company they will hold until September 15,” said Gilles Schnepp, Chairman.

“I am proud and honoured to join and soon lead a company which has always been an inspiration for me. I have tremendous admiration for Danone’s rich heritage and pioneering spirit in all fields. I believe Danone has significant potential to continue to shape and contribute to how people eat and drink globally, and I am looking forward to, together with all Danoners, the Executive Committee and the Board, writing our next chapter of growth and further progressing Danone’s Mission,” said Antoine de Saint-Affrique.


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