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Caldic Management Change

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20 October 2020

Caldic announces the appointment of Olav van Caldenborgh as non-executive director to the Board of Directors and Alexander Wessels as Chief Executive Officer of Caldic

Rotterdam, The Netherlands, October 19, 2020 - Olav van Caldenborgh has decided to transition to the Board of Directors of Caldic Holdco B.V. where he will be taking on new responsibilities as non-executive director to strengthen Caldic’s leading food ingredients and specialty chemicals distribution market position and continue its strong growth trajectory. He will henceforth step down from his current position as director from all Caldic entities, including his position as Chief Executive Officer.

Olav van Caldenborgh took over the Chief Executive Officer position 14 years ago and led Caldic’s transformation from a regional full-line distributor into a global distributor of food ingredients and speciality chemicals. The transformation was completed with the divestment of its formaldehyde production and tank storage activities earlier this year.

Under Olav van Caldenborgh’s leadership, Caldic grew substantially both organically and inorganically, closing 20 M&A deals and increasing revenues from €400m to €900m. He furthermore drove Caldic’s heavy investment in its value-added, specialty-service offering which continues to differentiate the business in the market.

Alexander “Xander” Wessels has been appointed Chief Executive Officer and joined Caldic on October 12, 2020, bringing along over 30 years of food ingredient, pharma and chemical experience. Before joining Caldic he was Chief Executive Officer of Archroma, a leading global chemicals company, where earlier this year he transitioned to the Vice Chairman position. Previously he has held Executive positions in DSM, heading the Food Specialties and later the Pharma Business Groups, Campina, ICI Plc. and Unilever N.V. Plc. He brings to Caldic a track record of driving improved business performance, growth and focus on execution of strategic initiatives.

I would like to thank Olav for his dedication, invaluable contribution and engagement over many years with Caldic. Olav will guide the Board of Directors to continue to develop Caldic internationally and further expand its value-added service offering”, says Xavier Urbain, Chairman of Caldic. “At the same time, we are delighted Alexander will be our new CEO. I know he will bring great international experiences and reinforce our credentials as a high performing, innovative and customer-centric business.” 

Mike Ebeling, Managing Director at Goldman Sachs Merchant Banking Division, adds: “I would like to thank Olav for his enormous contribution over the last years. His vision and leadership have been instrumental for Caldic’s development into a global specialty chemicals distributor, and I am looking forward to continuing to work together in the Board of Directors. We are excited to welcome Alexander Wessels as CEO. He brings a wealth of knowledge, expertise and leadership and will drive the realization of Caldic’s organic and external growth initiatives”.