Danone // 2020 Universal Registration Document

6 corporate governance 6.2 Positions and responsibilities of the Directors DANONE UNIVERSAL REGISTRATION DOCUMENT 2020 241 JEAN-MICHEL SEVERINO Manager of I&P SARL (INVESTISSEURS & PARTENAIRES) Independent Director Age 63 – French nationality First appointed to the Board: 2011 Shareholders’ Meeting End of term: 2023 Shareholders’ Meeting DANONE shares: 4,505 Expertise – Experience – Main activities Jean-Michel SEVERINO is a graduate of the École Supérieure de Commerce de Paris, the Institut d’études politiques of Paris, of the École Nationale d’Administration and holds a Bachelor of Laws from the Panthéon-Assas University and master’s degree in Economics from Paris-Dauphine University. He began his career at the Inspection générale des finances (French General Inspection of Finance) (1984-1988). He was then named technical advisor for economic and financial affairs at the French Ministry of Cooperation (1988-1989). He later became the head of that Ministry’s Department of Economic and Financial Affairs and then its Development Director. In 1996, he was recruited by the World Bank as Director for Central Europe at a time when this region was marked by the end of the Balkans conflict and reconstruction. He became the World Bank’s Vice- President in charge of East Asia from 1997 to 2001 and focused on the management of the macroeconomic and financial crisis in these countries. Then, he was named Chief Executive Officer of the Agence Française de Développement, where from 2001 to 2010, he led the expansion efforts to cover the entire emerging and developing world. In 2010, at the end of his third term of office, he returned to the Inspection Générale des Finances, where he was responsible for the French Water Partnership. In 2011, he left the civil service to head up I&P (Investisseurs & Partenaires), a B Corp™ certified fund management company specializing in financing African small and medium-sized businesses. In addition to his professional du- ties, he has significant experience in the educational and research areas, notably as an associate professor at Centre for Studies and Research on International Development (CERDI). He was elected as a member of the National Academy of Technologies of France in 2010 and is currently a senior fellow and director of the Foundation for Studies and Research on International Development (FERDI). He is also actively involved in several non-profit foundations and associations focusing on ethics and development. Since March 1 st , 2021, he has been the Lead Independent Director of Danone. Current terms of office Danone companies • Director, Chairman of the Audit Committee and member of the Engagement Committee of DANONE SA Other companies French listed companies • Director and member of the audit committee of ORANGE •Member of the supervisory board and the corporate social responsibility committee of COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN French unlisted companies • Chairman of the board of directors of EBI SA (ECOBANK INTERNATIONAL) • Director of PHITRUST IMPACT INVESTORS SA • Chairman of ÉMERGENCES DÉVELOPPEMENT •Manager of I&P SARL and I&P CONSEIL Foreign unlisted companies • Chairmanof theboardofdirectorsof I&PAFRIQUEENTREPRENEURS (Mauritius) • Director of I&P GESTION (Mauritius) Terms of office expired over the past five years •Member of the Strategy Committee and the Social Responsibility Committee of DANONE SA • Director of ADENIA PARTNERS (Mauritius)