Wessanen investor Delta Partners has recommended the appointment of Rudy Kluiber to the supervisory board of the Dutch food group.
Based on a recommendation of Delta Partners, a 30% stakeholder in Wessanen, Kluiber, a co-founder of US investment advisory firm GRT Capital Partners, will sit on the board in an independent capacity, Wessanen said today (6 July).
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A spokesperson for Wessanen told just-food this is the first time Delta Partners has recommended a nomination to the board.
“Delta are very supportive of our strategy … there is a good relationship between Delta Partners and ourselves,” the spokesperson said. “We have a lot of contact with them in person and via the telephone or on conference calls, as we do with other investors. Given the size of the stake and their request to have someone on the supervisory board, we discussed it on various occasions and decided to nominate Mr Kluiber.”
Delta first purchased a 20-25% stake in Wessanen in late 2009, gradually increasing that to the share it currently holds.
The proposed appointment has been mutually agreed upon, the company said, and Kluiber will offer his resignation at any time when Delta reduces its take in Wessanen to below 12.5%.
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By GlobalData“This is a decision we discussed between Delta and ourselves,” the spokesperson said. “It something we decided upon. It is not specially something the Government requests, it is just something Delta requested and something we have agreed to.”
In April, Wessanen insisted it was becoming a “stronger” company after reporting lower first-quarter profits amid higher IT and marketing costs.
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