Group Overview Investors
London, 21 March 2018 -- Moody's Investors Service, ("Moody's") has today upgraded the corporate family rating (CFR) of Switzerland-based vending machine operator Selecta Group B.V. (Selecta or the company) to B3 from Caa1.
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Cham, Switzerland, March 14, 2018: Selecta Group B.V. (“Selecta”), a European leader in unattended self-serve coffee and convenience food, today announced that Hugues Rougier will resign from his role as Chief Financial Officer at his own request to pursue other opportunities outside of Selecta. The Board and Mr. Rougier have agreed that this change will come into effect on March 31, 2018.
Following this, Selecta is delighted to announce that Gabriel Pirona will succeed Hugues Rougier and will commence his role as the new CFO on April 1, 2018. Mr. Pirona is a multi-lingual senior finance leader, who has worked as CFO at Photo-Me, a UK publicly listed company, during the past three years. He has a proven track record in successfully delivering business transformation and creating value through growth. He furthermore has significant experiences in M&A and a strong commercial background in businesses that demonstrate many similarities with Selecta.
David Flochel, CEO of Selecta, said: “On behalf of the Board of Directors and the Management, I want to thank Hugues for his significant contributions to Selecta, particularly during the last year of transforming the company.”
David Hamill, Executive Chairman of Selecta, said: “We are pleased to welcome Gabriel Pirona to Selecta. I’m sure that his experience and capabilities will strongly contribute to the growth journey that we are on.”
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Cham, Switzerland, March 15, 2018. Selecta AG (“Selecta”), a European leader in unattended self-serve coffee and convenience food, today announced that it has sold Selecta Finland to JOBmeal. Selecta Finland employs about 95 people and generated net sales of approximately €13.7 million in the business year 2016/17. The sale has been subject to approval from the European Commission (EC). Selecta will continue to operate in Finland through its Pelican Rouge entity in Finland (http://www.pelicanrouge.com/fi).
The financial conditions of the transaction have not been disclosed.
View Selecta’s financial reports, including our latest performance report and annual review. The report will help you to better understand Selecta from both a financial and business standpoint.
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Standard & Poor’s Rating Service
Corporate Credit Rating: B
Senior Secured Notes: B
Moody’s Investor Services
Corporate family Rating: B3
Senior Secured Notes: B3