Jean-Charles Doux will replace his father and company founder Charles Doux as chief executive of French poultry company Groupe Doux, the company said on Friday (19 March).
“The board of directors of Groupe Doux decided to appoint Jean-Charles Doux CEO. He replaces Charles Doux who remains a director,” the company said in a statement.
Doux is in receivership and the board indicated Jean-Charles Doux will “support the management and strategy” of the firm as it looks to turn its operations around.
The company was placed into administration in June amid EUR430m (US$560.8m) in debts. Doux has since reorganised its operations to cut costs and modernise its production base, a process that has resulted in job losses across the group. The firm claims that it is now profitable. The next hearing on its financial situation will be in May.
Jean-Charles Doux has worked at Doux for “over 30 years” in positions of growing responsibility. Most recently, he served as deputy CEO.
“After nearly 60 years in building and developing the group, I entrust the command of Jean-Charles Doux with confidence. The group has regained profitability and is ready to present its continuation plan. He will write a new chapter in its history,” Charles Doux said.