Danone and Migros CEOs Elected New Co-Chairs of The Consumer Goods Forum Board

Emmanuel Faber and Özgür Tort will chair the CEO-led, parity-based Board

PARIS, June 17, 2019 /PRNewswire/ -- The Consumer Goods Forum (CGF), the global body pursuing purpose and positive change across the consumer goods industry, announced today that it has elected two new Co-Chairs for its Board of Directors: Emmanuel Faber, Chairman and CEO of Danone will chair the Manufacturer College of the Board, while Özgür Tort, CEO of Migros Ticaret will chair the Retailer College.

The pair will lead the CGF Board for two years and replace outgoing Co-Chairs Ian Cook of Colgate-Palmolive and Olaf Koch of METRO AG. In addition, James Quincey, Chairman and CEO of The Coca-Cola Company and Daniel Zhang, CEO of Alibaba Group have been appointed Vice Co-Chairs of the CGF Board.

Today's announcement was made after the bi-annual Board of Directors meeting, which took place at the 63rd Global Summit in Vancouver from the 12^th-14^th June.

Delivering Purpose & Positive Change at Scale

Mr Faber and Mr Tort take over as co-chairs at a time when continuing disruption in the industry is making the mission of the CGF ever more important.  Increasingly consumers, employees and investors expect companies to embrace a purpose beyond profit, while new technologies are creating opportunities fundamentally to reshape traditional business models. The scale and pace of change makes collaboration across the value chain essential – a unique hallmark of the CGF's way of working. The new co-chairs will bring their manufacturing and retail experience to unite members in addressing issues like plastic waste, food waste, deforestation, forced labour, data accuracy, food safety, consumer health and employee wellbeing.

Commenting on his election, Emmanuel Faber, Chairman and CEO of Danone, said:

"The health of the people and of the planet is the major challenge of the 21st century. We need to act now to build a sustainable future and all stakeholders must join forces to best impact at scale. I am convinced that our industry has a decisive role to play. The CGF embodies a unique platform to drive positive change through collaboration at local and global level, in order to reinvent the industry model. I'm greatly honoured to become new Co-Chair of the Board alongside Özgür and feel inspired to advance the ambitious collective roadmap of the CGF with all its members."