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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Tessenderlo Group | EU:TESB | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.26 | -1.33% | 19.28 | 18.78 | 19.70 | 19.50 | 18.56 | 19.50 | 208,597 | 16:40:00 |
Frank Coenen, CEO of Tessenderlo Group leaves the group with mutual consent. This change has been approved by the Board of Directors and will take effect immediately.
The Board of Directors looks back on Frank Coenen's commitment with great respect and thanks him for the progress that has been made since he joined the group in 2006. In the last four years he has managed to guide the group through a significant transformation.
The Board of Directors has chosen for a shared CEO role and has appointed to this Luc Tack and Mel de Vogue. Luc Tack will be in charge of the Business Operations and Human Resources. Mel de Vogue, who stays CFO, will also head up all the other functional domains.
Tessenderlo Group is now ready to embark on the second phase of its repositioning and will strengthen sustainable industrial activities.
Tessenderlo Group is a worldwide specialty company, focused on food, agriculture, water management and on valorizing bio-residuals. The group employs about 5,200 people and is a leader in most of its markets, with a consolidated revenue of 2.1 billion EUR in 2012. Tessenderlo Chemie NV is listed on NYSE Eurolist by Euronext Brussels and is part of Next 150 and BEL Mid indices. Financial News wires: Bloomberg: TESB BB - Reuters: TesBt.BR - Datastream: B:Tes
For all questions:
Ingvild VAN LYSEBETTEN
+32 (0) 473 33 10 60
This press release is available in Dutch, French and English on www.tessenderlogroup.com - under 'News & Media'
* The enclosed information constitutes regulated information as defined in the Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market.
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