Brief: Deceuninck: Announcement Of CEO Departure

Deceuninck NV

19/01/2024 06:05

Jan 19 (Reuters) - Deceuninck NV  DECB.BR :
    * ANNOUNCEMENT OF CEO DEPARTURE
    * MR. BRUNO HUMBLET WILL STEP DOWN FROM POSITION AS CEO OF
DECEUNINCK BY END OF FEBRUARY 2024
    * BOARD HAS INITIATED A SEARCH FOR A NEW CEO
    * BOARD OF DIRECTORS OF DECEUNINCK AND MR. BRUNO HUMBLET
ACKNOWLEDGE A MISALIGNMENT IN THEIR VISIONS FOR EXECUTION OF
GROUP'S STRATEGIC PLAN, LEADING TO TERMINATION OF THEIR
COLLABORATION
    * DECEUNINCK CONFIRMS ITS PREVIOUSLY DISCLOSED 2023
FINANCIAL
GUIDANCE TO REALIZE ANOTHER GROWTH YEAR IN ADJUSTED. EBITDA
    * UNTIL A NEW CEO IS APPOINTED, DAILY MANAGEMENT OF GROUP
WILL BE
CARRIED OUT BY EXECUTIVE MANAGEMENT TEAM, UNDER LEADERSHIP OF
EXECUTIVE CHAIRMAN, MR. FRANCIS VAN EECKHOUT

Source text: http://tinyurl.com/59bxkxkm
Further company coverage:  DECB.BR 

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