Germany: Treofan Appoints CEO

Source from:  Tobacco Reporter 07/10/2012

Peter Vanacker is due to join the Treofan Group as CEO effective September 1. Vanacker will replace Giovanni Canetta, who has been Treofan’s interim CEO since April 2011. Canetta, who is also general manager of M&C SpA, Treofan’s largest shareholder, will become vice chairman of Treofan’s advisory board. In a note announcing the appointment, Treofan said that Vanacker would bring to the group a deep knowledge of the chemical industry and broad experience at senior management level in Bayer AG. He had been a member of Bayer MaterialScience’s executive committee since 2003 and, most recently, he had served as executive vice president and chief marketing and innovation officer at Bayer MaterialScience AG. "I am delighted to join Treofan at this exciting time, because I believe that many things that are important to me can be implemented at Treofan: developing new solutions through the eyes of our customers, working together with a real team focused on mutual success, and launching products in line with the corporate philosophy of sustainability," said Vanacker. "Everything I’ve heard about the Treofan Group fills me with great respect for what has been achieved. I’m eager to get to know the entire team personally and start tackling the tasks that lie ahead." In welcoming Vanacker’s appointment, Canetta said that Treofan had made significant progress during the past 15 months in defining strategy and addressing operational issues. "Now Peter Vanacker brings exactly the right qualities to drive and implement this strategy with the support of the shareholders, while reinforcing the management team and the organization at large." Enditem