Skip to content
Search
AI Powered
Latest Stories

JDE Peet’s appoints ex-M&S boss Luc Vandevelde as interim CEO

JDE Peet’s appoints ex-M&S boss Luc Vandevelde as interim CEO
Luc Vandevelde

JDE Peet’s has on Friday announced that Luc Vandevelde has been appointed interim chief executive, effective 1 April.

Vandevelde will also become chairman of the board of JDE Peet’s after the next annual general meeting on 25 May.


Under Vandevelde’s leadership, the company will initiate a search process for a permanent chief executive.

Vandevelde, who has served as lead independent director of JDE Peet’s since its listing, has extensive experience within the company as well as in the retail and FMCG sectors.His previous roles include chairman of Carrefour, chairman and chief executive of Marks and Spencer Group plc, and senior independent director of Vodafone Group plc.

He spent the first 24 years of his career with Kraft Foods, ultimately becoming chief executive of Kraft Jacobs Suchard’s French and Italian operations.

“Luc is a seasoned executive who knows JDE Peet’s and the coffee category intimately, and we are confident in his ability to unlock shareholder value while leading the search for a permanent CEO,” said Joachim Creus, chief executive of JAB.

“JAB has strong conviction in the long-term growth prospects of JDE Peet’s and the resilience of the sector, and we are fully committed to our investment in the world’s leading pure-play coffee and tea company.”

Fabien Simon, who has served as chief executive and executive director of JDE Peet’s since September 2020, will depart the company on 1 April.

“On behalf of the board, I want to thank Fabien for leading JDE Peet’s, particularly through a period of macro disruption,” said Olivier Goudet, chairman of JDE Peet’s.

“While navigating Covid and high inflation in a more complicated world, Fabien transformed the company into a global coffee and tea powerhouse with brands, talent and sustainability at its core. Our leading portfolio of brands and products ideally position JDE Peet’s to gain global market share by meeting the diverse needs of our many customers and consumers. On behalf of the board, we wish Fabien much success in his future endeavours.”

Simon commented: “It has been an honour to lead this amazing company. Leveraging the company’s strengthened fundamentals, brands, innovations and first class teams in every corner of the world, I am confident that JDE Peet's has a very bright future.”

Goudet will remain on the board as non-executive director once Vandevelde assumes the role of chairman.

More for you

Sugro UK member honoured with King’s Award
for Enterprise

Sugro UK member honoured with King’s Award for Enterprise

Sugro UK member and Brand Factory Ltd board director Tony Cox has been awarded The King’s Award for Enterprise – International Trade 2024, in recognition of his outstanding achievements in global trade.

The prestigious award was presented during an on-site ceremony held recently at their Aylesbury location, honouring all 84 staff members who have contributed to the company's success. The presentation was made by Countess Howe, His Majesty’s Lord Lieutenant of Buckinghamshire, and received by Tony Cox and Dilip Vithlani on behalf of the Brand Factory team.

Keep ReadingShow less
vapes

Vape products are displayed for sale on October 27, 2024 in London, England

Photo by Alishia Abodunde/Getty Images

Industry welcomes licensing scheme proposal in Tobacco and Vapes Bill


The government has introduced the Tobacco and Vapes Bill the parliament, which includes a proposal for a licensing scheme for retailers selling tobacco, vape, and nicotine products across England, Wales, and Northern Ireland.

Keep ReadingShow less
Pre-festive deals boosted food sales in otherwise 'disappointing' October

iStock image

Pre-festive deals boosted food sales in otherwise 'disappointing' October

Arrival of customary "pre-festive" deals boosted food sales though overall sales suffered in October as cash-strapped shoppers stayed at home, holding off purchases amid uncertainty over the budget and fears over rising energy bills.

According to data from the British Retail Consortium and the consultancy KPMG published today (5), sales increased by 0.6 per cent compared with October 2023, less than half the three-month average growth rate of 1.3 per cent.

Keep ReadingShow less
Local charity

Wigan Nisa Local raises over £2,400 for local charity

Nisa Local Smithy Green, led by store owners Mitesh and his brother Hepesh Halai (affectionately known as Gaz), joined forces with Ince CE Primary School to host a fun-filled fundraising day for Talk First, a local charity supporting families and children.

Originally intended to take place outside the Nisa store, the overwhelming community interest prompted the school to generously offer their grounds, transforming the day into a larger celebration of community spirit.

Keep ReadingShow less
EG Group
Photo: EG Group

EG Group completes divestment of UK forecourt business to Zuber Issa


Forecourt operator EG Group on Friday said it has completed the sale of its remaining UK forecourt business and certain foodservice locations to co-founder Zuber Issa.

Keep ReadingShow less