Vandevelde, who has served as Lead Independent Director of JDE Peet’s since its listing, has extensive experience within the company and in the retail and FMCG sectors
JDE Peet’s announced that Luc Vandevelde has been appointed Interim CEO of JDE Peet’s, effective 1 April 2024. Vandevelde will also become Chairman of the Board of JDE Peet’s after the next Annual General Meeting on 25 May 2024. Under Vandevelde’s leadership, the company will initiate a search process for a permanent CEO, evaluating both internal and external candidates.
Vandevelde, who has served as Lead Independent Director of JDE Peet’s since its listing, has extensive experience within the company and in the retail and FMCG sectors. His previous roles include Chairman of Carrefour, Chairman and CEO of Marks and Spencer Group plc, and Senior Independent Director of Vodafone Group plc. He spent the first 24 years with Kraft Foods, ultimately becoming CEO of Kraft Jacobs Suchard’s French and Italian operations.
“Luc is a seasoned executive who knows JDE Peet’s and the coffee category intimately, and we are confident in his ability to unlock shareholder value while leading the search for a permanent CEO,” said Joachim Creus, CEO of JAB. “JAB has a strong conviction in the long-term growth prospects of JDE Peet’s and the sector’s resilience, and we are fully committed to our investment in the world’s leading pure-play coffee and tea company.”
