The Board of Directors of EXEL Industries has decided to appoint Yves BELEGAUD as Chief Executive Officer of group, as of December 17, 2019. Guerric Ballu will leave the group on December 17, 2019, after a handover period during which he will pass on to Yves BELEGAUD all the information needed to run EXEL Industries. Over the last 25 years, Yves has had a strong background as an Executive Officer, both in France and internationally, within the TEREOS group, a leading producer specialized in sugar beets, cereals and sugar cane processing. There he held successive leading positions as Industrial Director, Manager for France, Eastern Europe and then Europe, and as a member of the Executive Board. Prior to TEREOS, Yves worked as a Production Engineer at Peugeot, then Rhodia. On top of having a thorough knowledge of the agricultural environment, Yves will bring a great deal of expertise to group in terms of operational management, intercultural management and the pursuit and integration of new acquisitions.