JDE Peet?s announced that Luc Vandevelde has been appointed Interim CEO, effective 1 April 2024. Under Vandevelde?s leadership, the company will initiate a search process for a permanent CEO, evaluating both internal and external candidates. Vandevelde, who has served as Lead Independent Director of JDE Peet?s since its listing, has extensive experience within the company as well as in the retail and FMCG sectors.

His previous roles include Chairman of Carrefour, Chairman and CEO of Marks and Spencer Group plc, and Senior Independent Director of Vodafone Group plc. He spent the first 24 years of his career with Kraft Foods, ultimately becoming CEO of Kraft Jacobs Suchard?s French and Italian operations. Fabien Simon, who has served as CEO of JDE Peet?s since September 2020, will depart the company on 1 April 2024.