Danone names new CEO, Riboud remains as chairman
September 02, 2014 at 12:16 PM EDT
PARIS, Sept 2 (Reuters) - French food group Danone , which is grappling with sluggish sales of baby food in Asia and weak dairy revenue in Europe, said it would split the chairman and CEO functions, naming Emmanuel Faber as CEO, while current CEO Franck Riboud would stay on as chairman.