November 26, 2019

ForFarmers nominates new executive board member

The supervisory board of ForFarmers NV has nominated Roeland Tjebbes as member of the its executive board of ForFarmers.

Tjebbes is to be appointed during an annual general shareholders meeting on April 24, 2020. Upon his appointment, he will hold the position of chief financial officer. The appointment is for a period of four years, ending at the end of the annual AGM of 2024.

The proposed appointment of Tjebbes relates to the fact that Arnout Traas, current CFO of ForFarmers, has decided not to be eligible for reappointment at the end of the AGM in 2020, as was announced earlier. Tjebbes is expected to join ForFarmers on March 1 and become part of the executive committee.

Since October 2015, Tjebbes has been CFO at Hoogwegt Group (international trade of dairy products). In addition, as of May 2018, he has been a member of the supervisory board of Royal Koopmans.

Tjebbes has a degree in business economics from the University of Maastricht and also attained a postgraduate degree as chartered accountant from Tilburg University.

He started his career as accountant at BDO Accountants. He previously worked in various companies, taking up financial management positions. He attained broad experience in the food and the feed sector at companies including Perfetti Van Melle, Nutreco and Vion.

The supervisory board is nominating Tjebbes due to his vast knowledge of and experience in corporate finance, risk management and financial reporting processes.

Specifically, Tjebbes' background at Nutreco and his experience with respect to managing the sourcing of raw materials is of great value. The supervisory board is of the opinion that he fits very well in both the executive board team and the executive committee team.

The key elements of the contract of Tjebbes will be made available on ForFarmers' corporate website prior to the notice calling the AGM in 2020.

- ForFarmers