The Ontex Group has announced that its board of directors has accepted the resignation of chairman Luc Missorten (pictured), effective from the company's next annual general meeting on 25 May 2020.
On the recommendation of the board, Hans Van Bylen, former CEO of Henkel, will be proposed as an independent director to Ontex shareholders at the AGM, in view of naming him chairman of the board.
Missorten will stay on as a senior advisor at the business, until the completion of the ongoing transformation program (Transform to Grow).
“It has been an honour to serve as chairman of Ontex since 2015," he said. "After careful consideration of where Ontex stands in its transformation journey and given my other board commitments, I have concluded that the company now requires a chairman with a different background able to dedicate more time to the business."
Stepped Down
Van Bylen recently stepped down as CEO of Henkel, after four years in the role and 15 years on the company's board.
Commenting on the proposed appointment of Van Bylen, Missorten added, "I fully endorse the recommendation to appoint Hans Van Bylen given his strong industry knowledge and leadership skills.”
Van Bylen said, “I would like to thank the Ontex Board for recommending my nomination as an independent director, subject to shareholders approval at the next AGM," he added, "I look forward to working closely with Charles Bouaziz and to support the Company in its transformation.”
© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Elizabeth Schroeder. Click subscribe to sign up to ESM: European Supermarket Magazine
