View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
May 11, 2021

Bel Group earmarks Cecile Beliot for CEO in new governance structure

Bel Group, the owner of the Laughing Cow and Babybel cheese brands, plans to separate the functions of chairman and chief executive and promote strategy vice-president Cécile Béliot to the role of CEO.

By Simon Harvey

The two positions are held by Antoine Fiévet, a member of the family that created the French dairy business 150 years ago.

Free Report
img

How can your business build resilience within the ESG space?

ESG is a key theme impacting companies across all sectors globally. It has emerged as the top theme among company filings, with a rising focus on SDG 16 (Peace, Justice, and Strong Institutions) amidst current geopolitical tensions and sustainability-driven investments. Leading sectors with the highest active jobs in this space include aerospace and defense, automotive, banking and payments, construction, and consumer, with many companies actively looking to establish ESG-related expertise. For more information related to company filings and job analytics, as well as key insights across the latest news, deals, and patents, consult our full report. This report will help you to:
  • Identify the top trending themes relevant to ESG across all sectors
  • Monitor investment and innovation landscape in ESG
  • Track key events and social media mentions related to ESG
Download our full report to understand how you can use GlobalData’s trusted insight to develop your business in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

The proposal, instigated by Fiévet himself, will go before Bel’s board for consideration next year, when Béliot, the company’s VP in charge of strategy, growth levers and worldwide markets, will be put forward to take over the CEO role.

Before the plan is put to vote, Béliot, who joined the business in 2018, will succeed Fiévet as chairman of the supervisory board of the Materne, Pom Potes, GoGo Squeez and Mont Blanc brands, collectively known as MOM.

“This evolution seeks to allow Bel Group to continue to lead its transformation, while perpetuating the vision and values carried by the Bel-Fiévet shareholder family. The mission undertaken by Cécile Béliot in this transitory period is to progressively prepare the next steps for bringing together Bel and MOM teams and to continue implementing the group’s strategy on its three complementary product families – dairy, plant-based and fruit – in line with the innovation, internationalisation and modernisation processes that she has already set in motion within Bel,” the French company said in a statement.

Bel continued with respect to the separation of the management functions: “This type of governance has shown its strengths in many international companies and should allow both for short-term transformation and for long-term sustainable performance in an increasingly uncertain and complex world.”

Danone, the French dairy giant, recently split the functions of chairman and CEO amid investor criticism of its governance structure. The two positions were held by Emmanuel Faber, who subsequently stepped down from both roles.

Fiévet added: “This governance shift is the fruit of a long-standing consideration, and I have wished to progressively set it up to guarantee the stability and sustainability of the group’s growth. Cécile Béliot has shown over these past years her commitment to our group’s values and DNA, her leadership, her ability to transform our model in order to uphold our mission: offering healthier and responsible food for all.”

Incoming CEO Béliot said: “I deeply believe in the strength of our model to invent the sustainable food of tomorrow, accessible to as many people as possible. I am proud that we are committed to this on a daily basis, together with all of the employees of the group.”

In 2019, Bel revealed a new strategy focused on a broader portfolio framework covering dairy, fruit and “hybrid” products, including plant-based. The following year it acquired French plant-based start-up All in Foods. And this year, Bel is in the process of selling its Leerdammer cheese brand to another French dairy business Lactalis.

Related Companies

Free Report
img

How can your business build resilience within the ESG space?

ESG is a key theme impacting companies across all sectors globally. It has emerged as the top theme among company filings, with a rising focus on SDG 16 (Peace, Justice, and Strong Institutions) amidst current geopolitical tensions and sustainability-driven investments. Leading sectors with the highest active jobs in this space include aerospace and defense, automotive, banking and payments, construction, and consumer, with many companies actively looking to establish ESG-related expertise. For more information related to company filings and job analytics, as well as key insights across the latest news, deals, and patents, consult our full report. This report will help you to:
  • Identify the top trending themes relevant to ESG across all sectors
  • Monitor investment and innovation landscape in ESG
  • Track key events and social media mentions related to ESG
Download our full report to understand how you can use GlobalData’s trusted insight to develop your business in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food