CEO transition with CFS

by Editor
Wednesday, December 05, 2007

After nearly 14 years leading and growing CFS its CEO John-Ole Hansen announced his transition out of day-to-day management.

Together with the Supervisory Board of this global supplier of equipment and systems to the convenience food industry, he decided to bring forward his desired and planned transition. Hansen will join the Supervisory Board of CFS where he will retain a keen interest and ownership stake in the business.

David Ryan who is currently Chairman of the Supervisory Board is proposed to become Chief Executive Officer. After a brief transition period to assist David Ryan, John-Ole Hansen will end his day-to-day involvement in the Company effective 31 December 2007.

Following receipt of appropriate advice a Shareholder meeting will be convened in the near future to formalise the change of CEO and appoint a new Chairman of the Supervisory Board.

David Ryan joined AEA in 2002 as an operating partner. He co-led AEA’s team on the acquisition of Convenience Food Systems, and he led AEA’s operational diligence and improvement work in relation to Symrise. David has led businesses and operations around the world in the electronics, automotive, aerospace, and defence industries.

CFS specialises in performance-focused solutions for the food industry, from a single machine or packaging material to a complete production line for the preparation, marination, processing, slicing and packaging of primarily meat, poultry, fish, seafood and cheese based products.