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Coca Cola Company NYSE:KO NYSE Common Stock
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Danone Names New CEO for Its Largest Business

05/05/2020 6:04pm

Dow Jones News


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   By Cristina Roca 
 

Danone SA said Tuesday that it has named a new head for its North America business and that it aims to grow sales of plant-based products worldwide to 5 billion euros ($5.46 billion) by 2025.

The French consumer-goods company named Shane Grant executive vice president and chief executive of Danone North America, effective May 11. He will join the company's executive committee and lead Danone's North America essential dairy and plant based (EDP) business, which is Danone's largest business.

Mr. Grant was previously president of Coca-Cola Co North America's still-beverages business unit.

The company added that it aims to grow its global plant-based sales to about EUR5 billion in 2025 from EUR2 billion in 2019. Francisco Camacho was appointed leader of Danone's plant-based acceleration unit on top of his current role as executive VP of EDP International.

 

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

 

(END) Dow Jones Newswires

May 05, 2020 12:49 ET (16:49 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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