PARIS — Danone SA began the overhaul of its board of directors on Dec. 10 by announcing Valérie Chapoulaud-Floquet, former chief executive officer of French spirits company Rémy Cointreau, will join the board on March 31. She will replace Isabelle Seillier, who plans to step down because of personal reasons on Dec. 31.
Ms. Chapoulaud-Floquet served as CEO of Rémy Cointreau from 2014 to 2019. She previously held sales, marketing and general management positions within the luxury products division during her 24 years at L’Oreal and held management positions at Louis Vuitton. Ms. Chapoulaud-Floquet now is a non-executive director for Diageo and an independent member of the supervisory board at Nexstage.
“We are pleased to welcome Valérie Chapoulaud-Floquet to Danone’s board of directors,” said Gilles Schnepp, chairman of the board for Paris-based Danone. “She brings extensive and undisputed global FMCG expertise and CEO experience to Danone. We thank Valérie for her engagement and look forward to working together. On behalf of the entire board, I would like to extend our warmest thanks to Isabelle Seillier for her active involvement in the board’s work over the last 10 years. Her expertise and understanding of financial markets, her determination as well as her unwavering support to Danone have been great assets to the board.
“The decision announced today reflects the determination of the board of directors in implementing change at Danone. Over the next few months, we will continue to progress on the overhaul of the board, proposing several new names before the 2022 shareholders’ meeting (on April 26).”
Ms. Seillier has been on Danone’s board since 2011. In July Danone announced it would overhaul its board of directors by the 2023 shareholders’ meeting, with the exceptions of Mr. Schnepp, Antoine de Saint-Affrique and two directors representing employees.