Corbion has announced that Olivier Rigaud (pictured) is nominated to succeed Tjerk de Ruiter as CEO of the company.
De Ruiter will hand over his responsibilities as of August 8, one day after the presentation of the H1 results. An extraordinary general meeting of shareholders will be held on August 5 for Rigaud’s appointment by the shareholders. Upon his appointment, Rigaud will form the board of management of Corbion together with Eddy van Rhede van der Kloot who will continue as CFO (his current term runs until May 2022), a position he has held since 2014.
Rigaud, a French national with a master’s degree in chemistry, brings deep knowledge and insight into the ingredients markets globally. He has operated in the sector for nearly 30 years, in significant leadership roles at Tate & Lyle and most recently as CEO at Naturex, until it was acquired by Givaudan in 2018. He has a solid track record of driving growth, profitability and shareholder value in a sustainable way, and transforming technologies into successful innovative products.
Chairman of the supervisory board Mathieu Vrijsen said: “On behalf of the supervisory board, I would like to welcome Olivier to Corbion. We are delighted he will join Corbion and convinced he will be able to successfully lead Corbion through the next stage of its development as an innovative sustainable ingredient solutions company. We would also like to express our gratitude to Tjerk who has led Corbion since 2014 and delivered great results not only in raising the performance of Corbion in terms of profitability and growth but also in creating one culture from separate businesses.”
De Ruiter added: “It has been my privilege to lead Corbion during its foundational years, together with an excellent leadership team and great colleagues across the world. I am proud of the progress we have together made, building our position as a leader in its industries, innovative and sustainable in its practices, and last but not least creating value for its shareholders. Corbion today is a global company, with a strong focus on customers and with a clear eye for our people and their development, and with sustainability close at heart. I am looking forward to introducing Olivier to many of my colleagues across Corbion in the transition period.”
De Ruiter will work closely with Rigaud to ensure a smooth transition and will remain available as an advisor to Corbion until mid-May 2020 (when his contract of assignment expires).
Corbion has published on its website the agenda together with the explanatory notes for the extraordinary general meeting of shareholders to be held on August 5.