2013-02-18 08:18:49 -
Full Press Release PDF
Amsterdam, February 18, 2013 - D.E MASTER BLENDERS 1753 announces several
changes to the composition of its Board.
Mr. Kees van Lede, having served on the Boards of Sara Lee and D.E MASTER
BLENDERS 1753 for the last 12 years, expressed his wish to step down as a member
of the Company's Board of Directors after the successful completion of the spin
off. His resignation will come into effect on February 27, 2013.
"We thank Kees for his valuable contributions to the spin and subsequent listing
of D.E MASTER BLENDERS 1753 as an independent pure play coffee and tea company
on the Amsterdam stock exchange. The Board and I
appreciate Kees' wise counsel
and advice during this important transition of the Company," said Jan Bennink,
interim CEO and Non-Executive Director of the Board of D.E MASTER BLENDERS 1753.
The Board of Directors will propose to appoint Mr. Jan Louis Burggraaf as a Non-
Executive Director of the Company's Board. His nomination will be made to the
Extraordinary General Meeting of Shareholders (EGM) to be held on April
17, 2013 in Amsterdam. Jan Louis Burggraaf, of Dutch nationality, was attorney-
at-law with Baker & McKenzie and Loeff Claeys Verbeke before becoming a partner
at the international law firm Allen & Overy LLP in 2000. Additionally, Jan
Louis fulfills a number of supervisory and advisory roles at non-listed
companies and not for profit organizations.
Jan Bennink commented: "We are very pleased that Jan Louis Burggraaf is willing
to join our Board. With his in-depth knowledge and experience in corporate law
and corporate governance, Jan Louis will provide us with substantial relevant
The Board of Directors will also propose to the EGM to appoint Michel Cup,
currently CFO of the Company, as Executive Director of the Board.
"Michel has played a crucial role during this challenging time in the Company's
development. Michel's insights and expertise will provide a valuable
contribution to the Board," said Jan Bennink.
In addition, the Board will propose to the EGM to appoint Jan Bennink as
Executive Director, following his appointment as the Company's interim CEO,
until a new CEO has been appointed. In relation to this, the Board has
appointed Norman Sorensen, currently Non-Executive Director and Senior Lead
Director of the Company's Board, as interim Non-Executive Chairman of the
Rob Zwartendijk, who was appointed to the Company's Board at the General Meeting
of Shareholders on November 28, 2012, will assume responsibilities as chairman
of the Company's audit committee. Non-Executive Board Member Mercy Corrales
will take over the chairmanship of the remuneration committee from Norman
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About D.E MASTER BLENDERS 1753
D.E MASTER BLENDERS 1753 is a leading pure-play coffee and tea company that
offers an extensive range of high-quality, innovative products through well-
known brands such as Douwe Egberts, Senseo, L'OR, Pilão, Merrild, Moccona,
Pickwick and Hornimans in both retail and out of home markets. The company
holds a number of leading market positions across Europe, Brazil, Australia and
Thailand and its products are sold in more than 45
countries. D.E MASTER BLENDERS 1753 generated sales of more than € 2.7 billion
in fiscal year 2012 and employs around 7.500 people worldwide. For more
information, please visit www.demasterblenders1753.com.
Contact Investor Relations Corporate Communications
Robin Jansen Michiel Quarles van Ufford
+31 20 558 1014 +31 20 558 1080
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Source: D.E MASTER BLENDERS 1753 via Thomson Reuters ONE