Cham, Switzerland: Selecta Group, a leader in the European vending and coffee services market, today announced that Hugues Rougier will become interim Chief Financial Officer of the company, effective 21 December 2015.
Mr Rougier will succeed Gary Hughes, who has decided to pursue career opportunities outside of Selecta.
Gary Hughes has worked for Selecta since 2008 and became Group Chief Financial Officer in 2013. He will remain with the company during a transitional period to ensure a smooth handover of responsibilities.
Selecta will meanwhile initiate a search process to find a permanent successor. Hugues Rougier has extensive financial expertise and will be responsible for Finance, Treasury, and IT in his new function as CFO at Selecta. He joins the company from Fraikin, a European leader of industrial and commercial vehicle hire, where he drove the Group’s financial restructuring as CEO between 2013 and 2015.
Prior to that, Mr Rougier held several executive positions in finance, most recently as Group CFO of Segula Technologies (2011 to 2013), an engineering group with global presence that helps companies within all major industrial sectors boost their competitiveness. R
emo Brunschwiler, CEO of Selecta, said: “We are pleased to welcome Hugues Rougier in our team. Hugues has profound experience as a senior financial and operational manager on executive level in different industrial companies. Based on his expertise and personality, he will become a strong contributor in the execution of Selecta’s ambitious profitability improvement plans.”
Mr. Brunschwiler added: “Gary Hughes played an important role in putting the company’s financial management on a long-term stable footing, particularly in past year’s successful refinancing exercise. He also significantly contributed to facilitate the most recent change in ownership from Allianz Capital Partners to KKR. On behalf of the Board of Directors and the Management I would like to thank Gary for his outstanding work at Selecta and wish him all the best in his future endeavors.”
About Selecta Group
Selecta is a leading vending and coffee services company in Europe, with a turnover of €714 million (for the twelve months ended June 30, 2015) and employing approximately 4,500 people. Founded in 1957 and headquartered in Switzerland, Selecta has grown its geographic market presence to 21 countries across Europe. Selecta serves 6 million consumers every day at its 145,000 point of sales addressing the growing need for out of home food and beverage services at the workplace and on the go. Selecta is putting a strong focus on improving the coffee experience at workplaces through an exclusive partnership with Starbucks as well as by offering a full range of high quality coffee blends such as Selecta’s own miofino brand. In 2 addition, Selecta offers state of the art coffee machines, which are serviced by its own highly professional service organisation. Selecta’s Swiss roots stand for service excellence, a highquality product offering and innovative concepts for out of home food and beverage services. For further information, please visit Selecta’s website at www.selecta.com.