Deceuninck CEO Steps Down
March 8, 2016
Tom Debusschere stepped down as CEO of Deceuninck on March 1, but will remain as a non-executive member of the board of directors until May 10. The board’s vice chairman, Francis Van Eeckhout, will serve as interim CEO until a permanent replacement is found.
“The board regrets but respects Tom’s decision,” said Chairman of the Board Pierre Alain Baron De Smedt, “We are very grateful to Tom for his commitment to the company over the past few years.
In February 2009 he started as a CEO when the company was going through a difficult period. In a short period of time he succeeded in turning Deceuninck into a financially healthy company and in regaining the confidence of the shareholder. He leaves us with a healthy company that is well positioned for the future.”
Van Eeckhout said Debusschere was instrumental in creating the company’s growth strategy, including new factories in the United States and Turkey.
“Tom has built a strong management team in which we maintain every confidence,” Van Eeckhout said. “We hope to name a successor to Tom very soon.”