Laurent Nielly appointed as successor to CEO Gustavo Calvo Paz

Core Viewpoint - Ontex has appointed Mr. Laurent Nielly as the new Chief Executive Officer, effective from May 5, 2026, succeeding Mr. Gustavo Calvo Paz, who has led the company through a strategic transformation [1][3]. Group 1: Leadership Transition - Mr. Laurent Nielly has been with Ontex since 2021 as President of the Europe Division, overseeing retailer brands and healthcare business across Europe [2]. - Nielly has over 25 years of experience in various regions and companies, including P&G, McKinsey & Company, PepsiCo, and Coty, with a background in finance, strategy, innovation, and commercial excellence [2]. - The Board of Directors expressed gratitude to Mr. Calvo Paz for his contributions, particularly in implementing strategic changes and optimizing Ontex's operations [3][4]. Group 2: Strategic Direction - Under Mr. Calvo Paz's leadership, Ontex focused on divesting non-core activities and optimizing its operational footprint, aiming to future-proof the organization with a focus on Europe and North America [3]. - The Board believes that Mr. Nielly is well-positioned to build on the accomplishments of his predecessor and accelerate value creation for Ontex [4]. Group 3: Company Overview - Ontex is a leading international developer and producer of baby care, feminine care, and adult care products, primarily serving retailers and healthcare sectors in Europe and North America [6]. - The company employs around 5,100 people and operates in 11 countries, with its products distributed in approximately 100 countries [6].