Cham, 05 September 2022, Selecta Group B.V. (“Selecta” and together with its subsidiaries, the “Group”), a Swiss-based Foodtech leader with a world-class distribution network in Europe, announces that its Chief Financial Officer, Philippe Gautier, will step down from his role on Friday, October 14th, 2022. Nicole Charriere Roos, currently the Selecta Group Finance Director, will step up into the role as Acting CFO.

Philippe joined the Group in November 2020 with objectives of restructuring and recapitalizing Selecta. With this phase of the transformation completed, Philippe will leave Selecta to take on a new challenge in another industry.

Joe Plumeri, Executive Chairman of Selecta Group, said: “I thank Philippe for his considerable contributions on behalf of the Selecta team. Philippe has been instrumental in strengthening our balance sheet and improving our profitability through cost reductions. Selecta is now in a healthy position to drive strong growth of our Foodtech Solutions, thanks to a strengthened balance sheet, improved cash and profitability performance and enhanced processes across the Finance function. The entire team wishes Philippe all the best for his future.”

Christian Schmitz, CEO of Selecta Group, commented: “I am excited to work with Nicole to further our transformation objectives and continue to deliver profitable growth of our business. With her deep knowledge of Finance at Selecta and her extensive leadership experience, she will ensure the continued success of Selecta’s transformation. I am looking forward to working closely with her in this new role as we conduct the search for our next CFO.”