The Board would like to extend its gratitude to Missorten for his commitment and valuable contribution to the development of the company since its IPO, successfully supporting the management team. Missorten will continue to provide his support until the completion of the ongoing transformation program (Transform to Grow), as a senior advisor to the company.
After 35 years with Henkel, including 15 years as executive board member of which four years as CEO, Van Bylen decided to step down as per January 2020. Having led a prominent global industrial and consumer goods company with revenues of c. €20 billion, Van Bylen will bring deep industry knowledge and breadth of experience spanning the FMCG sector, retail brand space, manufacturing and supply chain. Van Bylen has previously served on the board of GfK and Ecolab and is president of the German Chemical Industry Association.
Missorten comments: “It has been an honor to serve as chairman of Ontex since 2015. 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. I fully endorse the recommendation to appoint Hans Van Bylen given his strong industry knowledge and leadership skills."
Van Bylen says: “I would like to thank the Ontex Board for recommending my nomination as an independent director, subject to shareholders approval at the next AGM. I’m also grateful that Luc has accepted to stay involved as a senior advisor, ensuring a smooth transition. I look forward to working closely with Charles Bouaziz and to support the company in its transformation, delivering value creation to all shareholders through sustainable profitable growth.”