- Takes on CEO role from September 1, replacing interim CEO Giovanni Canetta
- Board confident experience to develop company and lead strategy implementation
Peter Vanacker will join Treofan Group as chief executive officer (CEO) effective September 1, replacing Giovanni Canetta, Treofan’s interim CEO since April 2011.
Moving from Bayer, where he has held numerous roles in a 20-plus year career, Vanacker (pictured, top) brings a deep knowledge of the chemical industry and broad experience at senior management level in a global blue-chip company.
Most recently, he served as executive vice president, and chief marketing and innovation officer. at Bayer MaterialScience. He has also been a member of Bayer MaterialScience’s executive committee since 2003.
Before that, he led Bayer’s polyurethanes business unit as general manager and was head of EMEA at Bayer Polymers, head of polymer solutions Americas at Bayer Corp. and regional director of polyurethanes South America in Brazil.
Treofan is a producer of BOPP film for packaging, label and tobacco film applications, as well as films for electronic devices such as capacitors.
Canetta, also general manager of M&C, Treofan’s largest shareholder, will become vice chairman of the advisory board of Treofan, ensuring continuity.
Vanacker said: ‘I am delighted to join Treofan at this exciting time, because I believe that many things that are important to me can be implemented at Treofan: developing new solutions through the eyes of our customers, working together with a real team focused on mutual success and launching products in line with the corporate philosophy of sustainability.
‘Everything I’ve heard about the Treofan Group fills me with great respect for what has been achieved. I’m eager to get to know the entire team personally and start tackling the tasks that lie ahead.’
Treofan’s shareholders, among them M&C, Goldman Sachs and EBF & Associates, see the recruitment of Peter Vanacker as an important step in further developing the company.
Canetta said: ‘We are very pleased with Peter’s arrival. Treofan has made significant progress over the past 15 months in defining strategy and addressing operational issues.
‘Now Peter Vanacker brings exactly the right qualities to drive and implement this strategy with the support of the shareholders, while reinforcing the management team and the organization at large.’
Read more on Treofan here
Read more on packaging films here
Read more about industry appointments here
Read more on the European market here