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 ColgatePalmolive and Olaf Koch of METRO Group. In addition, James Quincey, President and CEO of The CocaCola 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 12th-14th 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”.
Commenting on his election, Özgür Tort, CEO of Migros Ticaret, said: “It is an honour to lead the effort, together with Emmanuel, at this exciting moment in our industry. We are all aware that we have to grow sustainably and responsibly to match this increasing consumer demand and to fulfil our responsibility to future generations. Obviously, this requires important changes in the way we do our business. Every change involves several risks that we have to tackle together with our member companies. In the new age of the global consumer goods industry, collaboration between all parties including retailers, manufacturers, legal authorities, universities, NGOs and digital platforms will be the key to empower our sector. This will bring a direct benefit to lives of consumers in the future”.
Both Mr Faber and Mr Tort emphasised their gratitude to Mr Cook and Mr Koch for their outstanding contribution to the CGF over the previous two years and thanked them on behalf of the Board for their exceptional leadership and their commitment to accelerate the implementation of positive change. Elected as Vice Co-Chairs at the 2015 Board of Directors meeting in New York, Mr Cook and Mr Koch took over as Co-Chairs following their appointment at the 2017 Board meeting in Berlin.