Selecta Group appointment of Chief Financial Officer

2 November 2020, Switzerland: Selecta Group B.V. (“Selecta” and together with its subsidiaries, the “Group”), the leading route-based unattended self-service retailer in Europe, is pleased to announce the appointment of Philippe Gautier as Chief Financial Officer (CFO) of the Group.

Philippe succeeds Andreas Schneiter, who joined the Group in January 2020 as interim CFO and will step down from his role at the end of October.

Philippe has significant operational and corporate finance expertise. He is an experienced senior finance executive with broad management experience working across consumer brands. He joins the Group from SMCP, previously a KKR portfolio company and parent company of Parisian fashion labels Sandro, Maje, Claudie Pierlot and De Fursac, where he was Group CFO and Operations Director, based in Paris. Prior to this he served as CFO and COO within the Kering Group for global brands Sergio Rossi and Puma in North America.

Joe Plumeri, Executive Chairman of Selecta Group, said: “We are delighted to welcome Philippe to Selecta as our Chief Financial Officer. Philippe is a highly experienced operator with a unique understanding of consumer brands. He joins Selecta at a pivotal time for the Group as we finalise a comprehensive recapitalisation transaction to strengthen our balance sheet with the support of our investors. Building on the strong foundations we have in place as a business, Phillipe’s wealth of experience will help drive our long-term growth.”

“I would also like to take this opportunity to thank Andreas for his contribution over the last 10 months on behalf of the Selecta team. Andreas has been a key member during this eventful period, most notably in the balance sheet restructuring project, the re-alignment of the Finance function and managing some of the financial impacts of COVID-19. It has been great to have him on the team and we wish him all the best for his future.”  

Christan Schmitz, CEO of Selecta Group, commented: “Philippe brings a deep knowledge of omni-channel retail and a proven track record of delivering strong financial performance, realising growth opportunities and improving financial KPIs. I am looking forward to working closely with him to deliver our strategy and drive the transformation of the Group.”

 

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Selecta@hudsonsandler.com

 

About Selecta Group

Headquartered in Switzerland since 1957, Selecta is Europe’s leading route-based unattended self-service retailer, providing coffee and convenience food solutions in the workplace and in public spaces. The excellence of Selecta’s route-based operations has been recognised with multiple industry awards. For more information, please visit www.selecta.com

Disclaimers

This announcement has been prepared by Selecta exclusively for information purposes. It does not constitute or include any advice or recommendation by Select (or any other person) regarding the securities of Selecta or as to the merits of any transaction or the making of any investment decision. It does not constitute or include any confirmation or commitment by Selecta (or any other person) regarding the present or future value of the business of Selecta, its securities, its affiliates or any of Selecta’s or their assets. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. Neither the Group nor any of its advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this announcement or its contents.

This announcement may include “forward-looking statements” such as certain statements, estimates, targets and projections provided by Selecta with respect to the anticipated future performance of Selecta and the Group. In some cases, these forward-looking statements can be identified by the use of forward-looking terminology, including the words “believes,” “could,” “estimates,” “anticipates,” “aims,” “expects,” “intends,” “may,” “will,” “plans,” “continue,” “ongoing,” “potential,” “predict,” “project,” “target,” “seek,” “should” or “would” or, in each case, their negative or other variations or comparable terminology or by discussions of strategies, plans, objectives, targets, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. You should not place undue reliance on these forward-looking statements. Such forward-looking statements reflect significant assumptions and subjective judgments by Selecta’s management concerning anticipated results. These assumptions and judgments may or may not prove to be correct and there can be no assurance that any estimates, targets or projections are attainable or will be realized. Accordingly, neither Selecta nor any member of the Group (nor any of its or their respective directors, partners, employees or advisers) nor any other person, shall give any representation or warranty as to the achievements or reasonableness of future projections, estimates or targets nor will they be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on any statement in or omission from this announcement; any such liability is expressly disclaimed. Any forward-looking statements are only made as of the date of this announcement, and Selecta does not intend, and does not assume any obligation, to update forward-looking statements set forth in this announcement. You should interpret all subsequent written or oral forward-looking statements attributable to Selecta or to persons acting on its behalf as being qualified by the cautionary statements in this note. As a result, you should not place undue reliance on these forward-looking statements.