Lotus strengthens senior management

Lotus strengthens senior management

Lotus Bakeries has appointed Barry Callebaut executive Isabelle Maes as CFO.

Maes joins Lotus from Barry Callebaut, where she has served in a number of functions including CFO of Belgium. At present, she is overseeing an "important European group project" at the Swiss chocolate group, Lotus said. She will join Lotus when the project is completed in April.

Lotus has also promoted Jos Destrooper, corporate director for finance and HR, to director of finance for its Belgian arm and for group HR. Lotus said the move reflected the group's strong growth in Belgium, driven by internal growth as well as M&A.

Destrooper's appointment will "strengthen" the local management team, Lotus suggested.

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Management Area Belgium reinforced with Jos DestrooperIsabelle Maes appointed CFO of the Lotus Bakeries Group

In recent years, Lotus Bakeries' activities have grown strongly in Area Belgium. The Group has achieved a healthy internal sales growth, and has also extended its operations with the recent acquisitions of Biscuiterie Willems and Dinosaurus. Lotus Bakeries has thereforedecided to strengthen its Belgian management team. Mr. Jos Destrooper, currentlyCorporate Director Finance & HR, will from the start of next year, take up the post oDirector of Finance Belgium & Group HR.

We are also pleased to announce that Isabelle Maes is to become Chief Financial Officer of Lotus Bakeries. Mrs. Maes graduated in Commercial Engineering from the University ofLeuven. She started her professional career as an auditor at PricewaterhouseCoopers (PwC). In 2001 she moved to Barry Callebaut where, after a number of functions and projects in the Finance and SAP areas, she became CFO Belgium in 2006. She is currently leading an important European group project at Barry Callebaut. Isabelle will join us in April 2014 after completing this project.

"I am particularly excited about the fact that we can strengthen our Belgian management team with Jos Destrooper and continue to build our growth story," says Jan Boone, CEO of the Lotus Bakeries Group. "I am also delighted that Isabelle Maes will join Lotus Bakeries. We are all convinced that her expertise and positive drive will give strong added value to our company."

Original source: Lotus Bakeries