Nomad Holdings, the investment vehicle that recently acquired Iglo Group, has appointed former Delhaize executive Stéfan Descheemaeker as its CEO.

Descheemaeker will take up the reigns at Nomad upon completion of the Iglo acquisition, expected in the second quarter of this year. Descheemaeker will also serve as CEO of Iglo, replacing Elio Leoni Sceti.

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"Mr. Descheemaeker will provide the strategic direction and day-to-day leadership necessary to achieve Nomad's vision of building a portfolio of best-in-class consumer food companies," Nomad said in a regulatory statement. "Working closely with co-founders Martin Franklin and Noam Gottesman, Mr. Descheemaeker will implement Nomad's growth strategy and oversee day-to-day operations and brand initiatives at Iglo Group."

Descheemaeker recently served as CFO at Belgium-based retailer Delhaize before becoming CEO of its European division. Prior to this he was head of strategy and external growth responsible for M&A at Interbrew. In this capacity he oversaw Belgian beer maker Interbrew's 2004 merger with Ambev. Descheemaeker currently serves as a non-executive director at Anheuser-Busch InBev.

"Stéfan's background aligns with our aspirations to create a leading, global consumer foods company. He possesses a rare combination of food retailing and fast-moving consumer goods experience as well as a honed expertise in corporate M&A strategy. Martin and I are delighted to welcome him to Nomad and are confident he will be a key partner as we implement our build-up strategy," Gottesman said.

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