Miko NV has announced the retirement of Jan Michielsen as head of the plastics division on December 31, 2014. He will be succeeded as head of the plastics division by Karl Hermans and Kristof Michielsen. Karl Hermans and Kristof Michielsen, both members of the Michielsen family, the Group's majority shareholders, will gradually take over Jan's duties as of now and will jointly run the plastics division as of January 2015.

Karl Hermans (40) has been working with the Miko Group since 2007 and has been sales director for Miko Pac since 2010. He will now assume additional duties in the area of marketing, quality and administration. Kristof Michielsen (38) has worked with the Group since 1998 and is currently operating as production director.

R&D will now be added to his range of duties, as well as the management of the Miko Pac plant in Bydgoszcz (Poland), in consultation with the local management. Karl and Kristof will be proposed for appointment as directors at the annual general meeting in May next year. Until then, Jan Michielsen will retain his position on the Board of Directors as a non-executive director.

Frans Van Tilborg remains Group CEO and will be sole managing director from January 2015.