Danone: action plan for medium-term targets
(CercleFinance.com) - Danone has announced major decisions in order to progress adaptating to new market conditions that have been created by the Covid pandemic, "with the objective to strengthen its ability to fulfill its mission and to rapidly reconnect with its mid-term objectives, including 3-5% profitable sales growth".
It has thus decided on a new organisation with the appointment of two macro-regional CEOs (International and North America), and a COO in charge of a newly created strategic end-to-end design-to-delivery function.
The agri-food group has also announced the launch of a "complete strategic review of the portfolio of brands, references and assets", while it is "Accelerating the finalization of an ambitious plan... with implementation starting Q1 2021".
The market seemed to overlook the blip in sales, with the Danone share up almost 2% in early trading on Monday.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
It has thus decided on a new organisation with the appointment of two macro-regional CEOs (International and North America), and a COO in charge of a newly created strategic end-to-end design-to-delivery function.
The agri-food group has also announced the launch of a "complete strategic review of the portfolio of brands, references and assets", while it is "Accelerating the finalization of an ambitious plan... with implementation starting Q1 2021".
The market seemed to overlook the blip in sales, with the Danone share up almost 2% in early trading on Monday.
Copyright (c) 2020 CercleFinance.com. All rights reserved.