Anita Roddick, founder of The Body Shop, stepped down as chief executive officer [CEO] in 1998, after numerous unsuccessful attempts to reinvent the company. Patrick Gournay, an executive from the French food giant Danone SA came on board as CEO. However, problems persisted despite the management change. In fiscal year 2001, revenue grew 13%, but pretax profit declined 21%. Gournay said of the results, "This is below our expectations, and we are disappointed with the outcome.