D'Ieteren : Edouard Janssen appointed Group Chief Financial Officer of D’Ieteren Group

30 Jun 2023 - Group

We are happy to announce that, as of the 1^st September 2023, Edouard Janssen will become the new Chief Financial Officer of D'Ieteren Group. He will succeed Arnaud Laviolette who will leave for retirement.

Beyond the responsibilities that come with the Group CFO role, Edouard will also join several of our companies' boards. Edouard has started his career as a financial analyst at Morgan Stanley in London. After obtaining his MBA at Insead, he spent most of his career in different financial and executive management roles at Solvay, based in different worldwide geographies.

He is currently a Board member at Solvay, at Financière de Tubize and at Union Financière Boël. He is also vice chair of the International Advisory Board of the Solvay Brussels School (ULB) and an Advisory Board member of the Insead Hoffmann Institute.

Nicolas D'Ieteren, Chairman of the D'Ieteren Group comments: "We welcome with great enthusiasm Edouard Janssen to our Group. With his deep financial expertise as well as his broad family business experience, he will be able to contribute tremendously to the future development of our Group and the different businesses we are invested in. With his warm personality and his energetic drive, he will be a great sparring partner to our different leadership teams. As Group Chief Financial Officer, he will be a pivotal cornerstone of D'Ieteren Group's Executive Committee. As to Arnaud Laviolette, I would like to thank him personally for those past years of working together and for the energy he has given to me and the team in developing the Group. I wish him farewell and all the best for his future projects".

Considering the continued development and enlarged scope of our businesses, the Board of Directors has decided to expand the Group's Executive Committee with two additional roles: a Chief Investment Officer and a Chief Legal Officer.

Nicolas Saillez will take on the function of Chief Investment Officer (CIO). Nicolas has been with D'Ieteren Group since 2015 and will continue to be responsible for originating new investments, as well as overseeing major acquisitions. He will be joining several of our companies' boards.

Amélie Coens, our Chief Legal Officer (CLO), will also join the Executive Committee. Amélie is responsible for legal affairs at the Group since 2015.

Francis Deprez, Chief Executive Officer of D'Ieteren Group, comments: "With the nomination of Edouard as our new Group CFO, and of Nicolas and Amélie to our Executive Committee, we are both strengthening and building on the current team, bringing renewal while also ensuring continuity. At D'Ieteren Group, we create value through five growth platforms today, and we are looking for more growth opportunities going forward, both within and beyond our current businesses. I am really looking forward to collaborating with my colleagues, the entire corporate team, as well as the different management teams, as we continue our journey of building a family of businesses that lead their industries, strive for excellence in all their endeavours, and have meaningful impact. I would also like to reiterate my big thanks to Arnaud Laviolette, who has left a hugely positive and lasting mark on our Group with his expert insights and his warm collegiality throughout our last eight years of partnership."

End of press release

D'Ieteren Group profile

In existence since 1805, and across family generations, D'Ieteren Group seeks growth and value creation by pursuing a strategy on the long term for its businesses and actively encouraging and supporting them to develop their position in their industry and geographies. The Group currently owns the following businesses:

• Belron (50.3%) has a clear purpose: "making a difference by solving people's problems with real care". It is the worldwide leader in vehicle glass repair and replacement and operates in 37 countries, through wholly owned businesses and franchises, with market leading brands - including Carglass®, Safelite® and Autoglass®. In addition, Belron manages vehicle glass and other insurance claims on behalf of insurance customers. Sales and adjusted operating result reached respectively €5,574m and €1,017m in FY-22.
• D'Ieteren Automotive (100%) distributes Volkswagen, Audi, SEAT, Škoda, Bentley, Lamborghini, Bugatti, Cupra, Rimac, Microlino, Maserati and Porsche vehicles in Belgium. It has a market share of 22.5% and 1.2 million vehicles on the road. Its business model is evolving towards "improving the lives of citizens with fluid, accessible and sustainable mobility". Sales and adjusted operating result reached respectively €3,610m and €139m in FY-22.
• PHE (c.91%) is a leader in the independent distribution of spare parts for vehicles in Western Europe, present in France, Belgium, The Netherlands, Luxemburg, Italy and Spain. Its mission aims at "promoting affordable and sustainable mobility". It generated sales of €2,260m and adjusted operating result of €178m in FY-22.
• TVH (40%), is a leading global independent distributor for aftermarket parts for material handling, construction & industrial, and agricultural equipment. It operates in 26 countries worldwide. It has a unique operating model and has a clear purpose of "keeping customers going and growing". It generated sales of €1,622m and an adjusted operating profit of €258m in FY-22.
• Moleskine (100%) is a premium and aspirational lifestyle brand which develops and sells iconic branded notebooks and writing, travel and reading accessories through a global multichannel platform. Its purpose is to "unleash the human genius through hands on paper to empower creativity and knowledge in each individual and the entire world". Sales and adjusted operating result reached respectively €143m and €21m in FY-22.
• D'Ieteren Immo (100%) groups together the Belgian real estate interests of D'Ieteren Group. It owns and manages 35 sites which generated €22.3m net rental income in FY-22. It also pursues investment projects and carries out studies into possible site renovations.
  

Contacts

Francis Deprez, Chief Executive Officer
Arnaud Laviolette, Chief Financial Officer

Stéphanie Voisin, Investor Relations - Tel: + 32 (0)2 536.54.39
E-mail: [e-mail] - Website: www.dieterengroup.com