Danone announced that Valerie Chapoulaud-Floquet was appointed to join its Board of Directors starting from March 1, 2022, replacing Isabelle Seillier who decided to step down for personal reasons as from December 31, 2021. This is a first step in Danone's overhaul of its Board of Directors, which will lead the Company to renew the totality of its Board of Directors by 2023 - except the positions held by the Chairman, the Chief Executive Officer and the two Directors representing Employees. On July 29, 2021, Danone announced the complete overhaul of its Board of Directors: all current Directors - with the exception of Gilles Schnepp, Antoine de Saint-Affrique and the two Directors representing Employees - will be leaving the Board of Directors by the 2023 Shareholders' Meeting. In the meantime, Danone will propose the election of new, externally-recruited Directors, with the objective of constituting a more independent and compact Board of Directors with the right blend of FMCG-experience, capabilities and perspectives. Valerie Chapoulaud-Floquet is the former Chief Executive Officer of Remy Cointreau (2014-2019). She spent 24 years at L'Oreal where she held numerous Sales, Marketing and General Management positions within the Luxury Products Division in different countries and regions. After L'Oreal, and before becoming CEO of Remy Cointreau, she held several General Management positions at Louis Vuitton in Asia, Europe and in North and South America. Valerie Chapoulaud-Floquet now dedicates her time to non-executive directorship, being involved with two listed companies - Diageo as a Non-Executive Director since 2021 and Nexstage as an Independent Member of the Supervisory Board since 2019.