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Danone: Leading Change by Rejigging Purpose
Tulsi Jayakumar, Surya TahoraCase IVEY-W25287-ELeadership and People ManagementIn March 2021, faced with emphatic calls from a minority group of dissatisfied investors worried about Danone SA’s poor financial performance, Danone’s board of directors asked Emmanuel Faber, Danone’s chair and chief executive officer (CEO), to step down from his leadership position.
Danone had a long history of being a purpose-driven company, and Faber’s personal values mirrored the company’s values. Why did a historically purpose-driven...Starting at €8.20