On Monday. Danone’s board of directors, is set to approve former Barry Callebaut CEO Antoine de Saint-Affrique’s nomination as its CEO.
On April 22, De Saint-Affrique had announced that he was stepping down from Barry Callebaut, a Swiss chocolate maker, at the end of August, sparking speculation that he would be a top candidate to take over at Danone.
Danone did not respond to requests for comments.
Danone, a yoghurt maker is looking to replace Emmanuel Faber, who was ousted in March after activist shareholders took aim at the company and its recent performance compared to peers in the food industry.
According to sources close to the matter at hand, De Saint-Affrique was one of the people in the running for CEO; a source also confirmed that he was the front-runner for the job.