Organisational changes at the Bell Food Group
17.04.2024
At yesterday's Annual General Meeting of the Bell Food Group Ltd in Basel, 79.4 percent of the issued shares were represented. The General Meeting approved all the proposals of the Board of Directors with a clear majority. Among others, the gross dividend of CHF 7.00 per share was approved. The dividend for 2023 will be paid out on 22 April 2024. The detailed voting results will be published on 17 April 2024 and the minutes of the Annual General Meeting by 23 April 2024 on the website of the Bell Food Group.
Joos Sutter, Chair of the Board of Directors, also referred to a number of organisational changes. As previously announced, the current CEO, Lorenz Wyss, will retire in June 2024 after 13 successful years at the helm of the company. Marco Tschanz has been appointed the new CEO of the Bell Food Group with effect from 1 June 2024. With this appointment, the Board of Directors is backing someone with a proven track record at the company while also ensuring continuity and laying the foundation for dynamic development.
This also requires changes to the structure of the business area Bell International and the composition of the Group Executive Board. The international poultry business (Hubers/Sütag division) will be split off from the business area Bell International and will be operated as an independent business area. The remaining divisions will remain part of the business area, but will be organised by country.
The new CEO Marco Tschanz will also be serving as the head of the Bell Switzerland and Hubers/Sütag business areas. The Eisberg and Bell International business areas previously managed by him will be headed by Mike Häfeli (new, from 1 January 2024) and Martin Schygulla (previously Head of Bell Germany, from 1 June 2024).
About Bell Food Group
The Bell Food Group is one of the leading meat processors and convenience specialists in Europe. Its range of products includes meat, poultry, charcuterie and seafood as well as convenience and vegetarian products. With different brands such as Bell, Eisberg, Hilcona and Hügli, the Group meets a range of customer requirements. Its customers include retail as well as food service companies and the food processing industry. Around 13 000 employees generate annual revenues of over CHF 4.5 billion. The Bell Food Group is listed on the Swiss stock exchange.
