Danone: Executive Committee Change

Rhea-AI Summary

Danone (DANOY) announced that Shane Grant, Group Deputy CEO, CEO Americas and EVP Dairy, Plant-Based and Global Sales, will be leaving the company effective June 13th, 2025 to pursue new opportunities. Véronique Penchienati-Bosetta, current Group Deputy CEO, will temporarily assume Grant's responsibilities in addition to her existing duties. Grant, who joined Danone in 2020, has been credited with advancing the company's business across North and Latin America, commercial teams, and categories.

Positive

• Strong business advancement across North and Latin America under Grant's leadership
• Smooth transition plan with immediate interim leadership in place

Negative

• Departure of key executive responsible for Americas region and global sales
• Potential leadership gap with consolidation of responsibilities under existing Deputy CEO

Press Release – Paris, May 29, 2025, at 6:00 PM CEST

Executive Committee Change

Today, Danone announces that Shane Grant, Group Deputy CEO, CEO Americas and EVP Dairy, Plant-Based and Global Sales, and a member of Danone’s Executive Committee, has decided to pursue a new opportunity outside of the company. His move will be effective on June 13^th, 2025.

For now, Véronique Penchienati-Bosetta, Group Deputy CEO, will take over Shane’s scope, in addition to her current responsibilities.

Antoine de Saint-Affrique, Chief Executive Officer said: “On behalf of us all, I'd like to thank Shane for his strong contribution since joining the company in 2020. His leadership has been key in advancing Danone's business—from North America to Latin America, from commercial teams to categories — leaving a strong base on which we will further build. We all wish Shane the very best in his future endeavors.”

About Danone (www.danone.com)
Danone is a leading global food and beverage company operating in three health-focused, fast-growing and on-trend Categories: Essential Dairy & Plant-Based products, Waters and Specialized Nutrition. With a long-standing mission of bringing health through food to as many people as possible, Danone aims to inspire healthier and more sustainable eating and drinking practices while committing to achieve measurable nutritional, social, societal and environment impact. Danone has defined its Renew strategy to restore growth, competitiveness, and value creation for the long-term. With over 90,000 employees, and products sold in over 120 markets, Danone generated €27.4 billion in sales in 2024. Danone’s portfolio includes leading international brands (Actimel, Activia, Alpro, Aptamil, Danette, Danio, Danonino, evian, Nutricia, Nutrilon, Volvic, among others) as well as strong local and regional brands (including AQUA, Blédina, Bonafont, Cow & Gate, Mizone, Oikos and Silk). Listed on Euronext Paris and present on the OTCQX platform via an ADR (American Depositary Receipt) program, Danone is a component stock of leading sustainability indexes including the ones managed by Moody’s and Sustainalytics, as well as MSCI ESG Indexes, FTSE4Good Index Series, Bloomberg Gender Equality Index, and Access to Nutrition Index. Danone’s ambition is to be B Corp^TM certified at global level in 2025.

Attachment

• Danone PR_290525

FAQ

Who is replacing Shane Grant at Danone (DANOY)?

Véronique Penchienati-Bosetta, the current Group Deputy CEO, will temporarily take over Shane Grant's responsibilities in addition to her existing duties.

When is Shane Grant leaving Danone (DANOY)?

Shane Grant will leave Danone effective June 13th, 2025.

What positions did Shane Grant hold at Danone?

Shane Grant served as Group Deputy CEO, CEO Americas and EVP Dairy, Plant-Based and Global Sales, and was a member of Danone's Executive Committee.

How long did Shane Grant work at Danone (DANOY)?

Shane Grant worked at Danone from 2020 to 2025, approximately 5 years.