WorldStage Newsonline– Presco Plc, a Benin City based fully-integrated agro-industrial establishment with oil palm plantations, palm oil mill, palm kernel crushing plant and vegetable oil refining and fractionation plant said its board at a meeting today, October 28, 2020 approved the appointment of Mr Paul Antoon L. Cardoen as the new Chairman of the company.
In a notice to the Nigerian Stock Exchange signed by Partrick Uwadia, Esq, Company Secretary, Cardoen is replacing Mr Pierre Alice Vandebeeck who after 28 years of leadership at SIAT Group decided to step down as Chairman and CEO of the business.
“Mr Pierre Alice Vandebeeck co-founded SIAT in 1991 and has overseen its development and growth into the highly successful multinational agro-industrial business it is today,” the notice said.
“Mr Cardeen is the CEO of Siat SA, A successful CEO and Non -Executive Director. He has an international mind-set with extensive work experience in financial services across Europe, USA, Asia and Africa. His core capability is to advise and lead on strategy, governance, risk and regulatory compliance, motivated by new challenges and complex situations where the broad experience built from cross-cultural teams can be applied. He led various teams through significant strategic and organizational change, including but not limited to: digital transformation, mergers, and acquisitions (M&A), growth acceleration, operating model re-design, turnaround activity and crisis situations. He is a former CEO of First Bank (UK); Managing Director (Member of Executive Committee), BNP Paribas/Fortis (UK); CEO, The Trust Bank Ltd (Ghana) and CEO, Bank Belgolaise (UK) among others.
“He brings his wealth of experience and exposure to the board and company.”
