Emmanuel Faber
Emmanuel Faber (born in Grenoble, 1964) is a French businessman. He served as co-CEO of Danone Group from 2011 under the presidency of Franck Riboud. On December 1, 2017, he assumed the role of Chairman and CEO. In March 2021, he was dismissed from his position by the Board of Directors due to poor management of the business and organization.
Biography
Emmanuel Faber spent part of his childhood in the town of Saint-Bonnet-en-Champsaur, in the Hautes-Alpes region,[1] in a middle-class family.[2] He completed his high school education in Gap (1982)[3] and graduated from HEC Paris Business School in 1986.
Emmanuel Faber began his professional career at Bain & Company. He later worked for Baring Brothers before joining Legris Industries in 1993 as CFO. He was promoted to CEO in 1996.[4]
Danone
In 1997, he joined Danone Group as Director of Finance, Strategy, and Information Systems. In 2000, he was appointed CFO and became a member of the Executive Committee. In 2005, he became General Manager of the Asia-Pacific region, a period marked by major corporate operations. Together with Franck Riboud and Muhammad Yunus, he launched the Grameen Danone Foods Ltd project, a social enterprise in Bangladesh.
At the end of 2006, he launched danone.communities, the first social SICAV (investment fund) in France, of which he has been a director since 2008.
From January 1, 2008, to September 30, 2014, he served as Deputy CEO of Danone, responsible for major corporate operations (finance, human resources). He was appointed Vice Chairman of the Board of Directors on April 28, 2011.[5]
At the invitation of Chico Whitaker, he participated in the World Social Forum in Belém, Brazil, in 2009.[6] In 2013, at the request of Minister Delegate for Development Pascal Canfin, he co-authored with Jay Naidoo a report published in June 2014: Innovate to Mobilize Stakeholders. 10 Proposals for a New Approach to Development Aid.[7]
In 2014, he succeeded Franck Riboud and took over operational management as CEO of Danone Group.[8][9]
Controversies
In October 2015, journalist Elise Lucet accused him in a television program of misconduct related to the promotion of powdered milk in Indonesia, where consumption can be dangerous in developing countries. Faber refused to respond. Later, Danone published a response on its website refuting the accusations.[10]
Known for advocating greater social justice, based on his personal experiences,[11] in 2016, it was revealed that his compensation reached 4.82 million euros.[12]
Other Roles
- Member of the Executive Committee of Danone since 2000.
- Member of the Board of Directors of Ryanair from 2002 to 2010.
- Co-chairs, alongside Martin Hirsch, a social experimentation program launched in 2010 by HEC Paris.[13]
- Since 2011, Chairman of the Strategic Orientation Committee of the Institute for Development Studies (IEDES) at the University of Paris I Panthéon-Sorbonne.
See Also
- Danone Group
References
- ↑ http://www.la-croix.com/Economie/Emmanuel-Faber-un-manager-sur-une-ligne-de-crete-2011-11-04-732303
- ↑ Biography of Emmanuel Faber, on Och.fr, retrieved October 28, 2017.
- ↑ http://www.lemonde.fr/economie/article/2014/09/29/emmanuel-faber-le-patron-du-cac-40-qui-voulait-faire-le-bien_4496040_3234.html
- ↑ Danone: Emmanuel Faber, a committed companion, Le Figaro, September 3, 2014.
- ↑ Emmanuel Faber - bio, LSA Conso, August 16, 2013
- ↑ Emmanuel Faber: "The public aid model is running out of steam", Le Monde, July 11, 2014
- ↑ Report Innovate to Mobilize Stakeholders, on Diplomatie.gouv.fr, retrieved October 28, 2017.
- ↑ Danone appoints Emmanuel Faber as CEO, Usine Nouvelle, September 2, 2014
- ↑ Danone: Franck Riboud hands over the reins, RTL, September 2, 2014.
- ↑ http://www.francetvinfo.fr/economie/video-cash-investigation-elise-lucet-interpelle-le-directeur-de-danone-avec-des-ballons_1113853.html
- ↑ Who is Emmanuel Faber, the CAC 40 boss preaching "social justice"?, Libération, Elsa Maudet, June 29, 2016
- ↑ http://www.capital.fr/entreprises-marches/4-82-millions-d-euros-emmanuel-faber-danone-merite-t-il-son-salaire-1238603
- ↑ Business and poverty: a challenge for companies, L'Express, March 6, 2013
Bibliography
- Main basse sur la cité; éthique et entreprise. Hachette, 1992.
- Chemins de traverse; vivre l’économie autrement. Albin Michel 2011, awarded the Christian Humanism Prize.
- Quand la fragilité change tout. Various authors, Albin Michel, 2013.
External Links
- Will the ethical wave drown the city?, Le Soir, April 24, 1992
- BOOK REVIEWS All-out business, Le Monde, June 23, 1992
- The tumultuous relationship between ethics and business, La Croix, December 8, 1998