Agfa-Gevaert appoints Declan Guerin as Chief Financial Officer effective October 1, 2026
The Belgian imaging group is modifying the composition of its Executive Committee effective October 1, 2026, with the arrival of a new financial officer replacing Fiona Lam.
On August 25, 2026, Agfa-Gevaert announced the appointment of Declan Guerin to the position of Chief Financial Officer and member of the Executive Committee. He will assume his duties on October 1, 2026.
Declan Guerin (Irish and Belgian national) succeeds Fiona Lam, who will leave the company on August 31, 2026. Chief Executive Officer Pascal Juéry thanked her for her contribution to the group.
A track record as Chief Financial Officer in industry
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Declan Guerin has more than twenty years of experience as Chief Financial Officer and in transformation projects within companies in the industrial, machinery manufacturing, logistics and capital equipment sectors. He holds a Chartered Management Accountant (CIMA) qualification and has completed executive training programs at IMD, INSEAD and Oxford Saïd.
Since 2020, he has held the position of Group CFO at Norican Group, an industrial group backed by Altor Equity Partners, where he was responsible for finance, information technology and legal affairs. Previously, he held positions as Chief Financial Officer and Transformation Officer at Rolls-Royce, Cargotec, Caterpillar and DHL.
In 2025, the group achieved revenue of 1,086 million euros.
SectorDispositifs médicaux et optique›Dispositifs médicaux / imagerie
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Context
Period
Period: T1 2026
Key reported figures
Revenue: 236 millions d'euros
Quarterly revenue: 236 millions d'euros
Revenue growth: -2,3 %
EBITDA: 12 millions d'euros
EBITDA margin: 4,9 %
Net income: -12 millions d'euros
Free cash flow: -42 millions d'euros
Risks mentioned
La forte volatilité des prix de l'argent a posé des défis de fonds de roulement.
Des conditions de marché défavorables affectent certains segments comme les solutions d'hydrogène vert.
Opportunities identified
Les secteurs de l'impression numérique continuent leur trajectoire de croissance.
La transition vers des modèles basés sur le cloud progresse comme prévu.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
