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Corbion N.V. — Board/Management Information 2010
Jan 13, 2010
3826_iss_2010-01-12_dd4fd256-894a-4ab9-a5c2-b860102e91e0.pdf
Board/Management Information
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CSM nv Corporate Communications
Nienoord 13 1112 XE Diemen PO Box 349 1000 AH Amsterdam the Netherlands
T +31 (20) 590 6320
I www.csmglobal.com
Press Release CSM announces change in Board of Management structure
Diemen, the Netherlands, 12 January 2010
CSM announces that Reinoud Plantenberg has decided to step down from the CSM Board of Management at the end of his term at the annual general meeting of shareholders (AGM) on April 29, 2010. He will transfer his responsibilities as President of CSM Bakery Supplies North America (BSNA) to Bret Weaver as per May 2010, who currently holds the position of President of H.C. Brill, one of the largest business units of CSM in North America. Reinoud Plantenberg will continue in a number of special projects until his retirement in 2011. After the AGM the CSM Board of Management will consist of Gerard Hoetmer (CEO) and Koos Kramer (CFO).
Pieter Bouw, Chairman of the CSM Supervisory Board comments: "We are very grateful to Reinoud Plantenberg for his achievements in our North American business. Under his management, our three business units in the US became the leaders in their respective markets, showing a healthy performance. We respect his decision to step down from the Board of Management at the end of his current four-year term as he will retire in 2011."
Bret Weaver will be appointed as President of Bakery Supplies North America. Bret Weaver (1959) joined CSM in 1996 and has held several executive positions in strategy, business development and general management. Gerard Hoetmer, CEO of CSM comments: "We owe Reinoud Plantenberg a lot of gratitude for driving the North American businesses to leading positions and for building a strong team, providing us with a seasoned successor like Bret Weaver. Bret has been part of the BSNA Management Team for many years now. As President of H.C. Brill he already demonstrated his great ability to improve organizational effectiveness whilst positioning the company for further growth."
Bret Weaver will report directly to the Board of Management, similar to the management reporting structure for CSM's other activities Bakery Supplies Europe and Purac.
For more information, please contact:
Press: Eva Lindner, Communication Director, tel. +31 20 5906320 Analysts: Ian Blackford, Investor Relations Manager, tel. +31 (0)20 5906349 / mobile +44 (0)7767 227506
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Background information:
CSM is the largest supplier of bakery products worldwide and is global market leader in lactic acid and lactic acid derivatives. CSM produces and distributes an extensive range of bakery products and ingredients for artisan and industrial bakeries and for in-store as well as out-of-home markets. It also produces a variety of lactic acid applications for the food, chemical and pharmaceutical industries. CSM operates in business-to-business markets throughout Europe, North America, South America, and Asia, generates annual sales of € 2.6 billion and has a workforce of around 8,450 employees in 25 countries. CSM is listed on Euronext Amsterdam. For more information: www.csm.nl.