According to Ontex's announcement, Laurent Nielly will be appointed as the chief executive officer at the end of Gustavo Calvo Paz's term, during the next annual general meeting of shareholders scheduled for May 5, 2026. Since 2021, Laurent Nielly has served as the president of Ontex's Europe division, overseeing brand distribution and healthcare sectors across Europe. Before this, he led Ontex's operations in Brazil. He brings over 25 years of experience, having held significant roles at P&G, McKinsey & Company, PepsiCo, and Coty.
Acknowledging Past Contributions
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Ontex's board of directors expressed their gratitude towards Gustavo Calvo Paz for his contributions as the chief executive officer and a board member, the company states. Under his leadership, Ontex implemented a strategic transformation, including the divestiture of non-core activities and optimization of its operational footprint. According to Hans Van Bylen, chairman of the board, 'Under the leadership of Gustavo Calvo Paz, we have accelerated our strategic realignment and taken significant steps to strengthen our business and operations.'
Future Expectations
The board views Laurent Nielly as the ideal candidate to continue the successes of Gustavo Calvo Paz and to lead Ontex in accelerating its value creation. The company, which develops and produces baby care, feminine care, and adult care products, primarily focuses on the European and North American markets. Ontex employs about 5,100 people and operates in 11 countries. Its products are distributed in approximately 100 countries.
Notre performance n'est pas encore à la hauteur de nos ambitions.
Résultats Q1 2026 en baisse par rapport à l'année précédente.
Risks mentioned
Demandes du marché plus faibles que prévu dans le secteur de la baby care.
Coûts d'exploitation en hausse dus à l'inflation et à la hausse des coûts de transport.
Pressions sur la chaîne d'approvisionnement liés à l'instabilité géopolitique.
Opportunities identified
Gains sur des contrats nouveaux et déjà réalisés en Amérique du Nord.
Opportunités de croissance dans la transformation stratégique en cours.
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.
