Meeting on February 10, 2005, the Board of Directors of Groupe Danone co-opted Mr. Jean Laurent to the position of independent Director and decided to put a proposal to the next General Meeting of Shareholders for the appointment of Mr. Bernard Hours as a Director.
- Jean Laurent, aged 60, is Chief Executive Officer of Crédit Agricole SA and Chairman of Crédit Lyonnais.
- Bernard Hours, aged 48, joined Groupe Danone in 1985 and has been Executive Vice President, Fresh Dairy Products, since 2001. He had previously headed Danone Hungary, Danone Germany and LU France.
These appointments are in connection with the departure of Mr. Jérôme Seydoux and Mr. Jean Gandois, who have decided to withdraw from the Groupe Danone Board of Directors.
- A member of the Board since 1970, Jérôme Seydoux resigned from the Board for personal reasons with effect from the close of the meeting of February 10, 2005.
- Jean Gandois, a Director since 1981 and Chairman of the Audit Committee, has indicated that he will not apply for the renewal of his term of office, which expires with the Annual General Meeting in April.
Considering this, the Board of Directors appointed Mr. Benoît Potier to replace Mr. Gandois as Chairman of the Audit Committee.
- Benoît Potier, aged 47, is Chairman of the Management Board of Air Liquide and has been an independent Director of Groupe Danone since April 2003.
The Board of Directors expressed unanimous gratitude for the decisive contributions of Mr. Seydoux and Mr. Gandois to the worldwide development of Groupe Danone.
Franck Riboud, Chairman and Chief Executive Officer, stated: "Groupe Danone owes a great deal to Jean Gandois and Jérôme Seydoux. Whatever the circumstances, particularly in taking important strategic decisions, I have been able to rely on the advice and support of these two outstanding business leaders, whose experience and expertise have provided invaluable guidance."