D'Ieteren : FRANCIS DEPREZ BECOMES THE NEW CEO OF D’IETEREN

D'Ieteren's Board of Directors appointed Francis Deprez as Group CEO. Francis Deprez was already a member of the Executive Committee since 2016.

Nicolas D'Ieteren, Chairman of the Board of Directors: 'The Board is delighted to have found the right person within the group to act as CEO. This is a token of the talent of our management teams. As a member of the Executive Committee for nearly 3 years, Francis is perfectly familiar with our Group; its ambitions, its challenges, its organization, its family shareholders and its values. His previous experience in strategic consulting but also in the executive management of international companies will be particularly useful and will enable the group to continue to move towards a new chapter, while ensuring the development and consolidation of each of our activities.'

Francis Deprez adds: 'I feel extremely honored and grateful to get the opportunity to lead D'Ieteren during this next and exciting chapter in its long existence. I am happy that I can count on a strong and supportive team around me, especially with Arnaud Laviolette, my colleague in the Executive Committee. Together with the D'Ieteren family and the Board, we will consistently pursue our strategy, which is to develop our existing businesses for excellence and for the long term, relying on our seasoned management teams at D'Ieteren Auto, Belron and Moleskine, and to continue to look for additional value-creating investment opportunities to complement our family of businesses.'

Francis Deprez (54 y/o) holds a degree in Applied Economics from the University of Antwerp (UFSIA) and an MBA from Harvard Business School. He worked for fifteen years at McKinsey & Company, including eight as a Partner, five years at Deutsche Telekom as Senior VP Strategy and five years at Detecon International as CEO. Since September 2016, he has been a member of the Executive Committee at D'Ieteren.

End of press release

Group profile

In existence since 1805, and across family generations, D'Ieteren 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 or in their geographies. The Group has currently three activities articulated around strong brands:

• D'Ieteren Auto distributes Volkswagen, Audi, SEAT, Škoda, Bentley, Lamborghini, Bugatti, Porsche and Yamaha vehicles in Belgium. It is the country's number one car distributor, with a market share of around 21% and 1.2 million vehicles on the road. Sales and adjusted operating result reached respectively EUR 3.4 billion and EUR 113.0 million in 2018.

• Belron (54.10% owned) 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 35 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. It has also expanded its services into the automotive damage and home damage repair and replacement markets. Sales and adjusted operating result reached respectively EUR 3.8 billion and EUR 225.7 million in FY 2018.

• Moleskine (100% owned) is a premium and aspirational lifestyle brand which develops and sells iconic branded notebooks and writing, travel and reading accessories through a multichannel distribution strategy across more than 115 countries. Sales and operating result reached respectively EUR 174.1 million and EUR 28.6 million in FY 2018.

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Contacts

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

Anne-Catherine Zoller, Corporate Communication - Tel: + 32 (0)2 536.55.65
E-mail: [e-mail] - Website: www.dieteren.com